Currently, there are 1.22B common shares owned by the public and among those 1.21B shares have been available to trade.
The company’s stock has a 5-day price change of 16.82% and 2.57% over the past three months. SHOP shares are trading 3.28% year to date (YTD), with the 12-month market performance up to 37.98% higher. It has a 12-month low price of $48.56 and touched a high of $129.38 over the same period. SHOP has an average intraday trading volume of 8.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.77%, 0.02%, and 23.26% respectively.
Institutional ownership of Shopify Inc (NYSE: SHOP) shares accounts for 65.30% of the company’s 1.22B shares outstanding.
It has a market capitalization of $142.20B and a beta (3y monthly) value of 2.81. The stock’s trailing 12-month PE ratio is 70.65, while the earnings-per-share (ttm) stands at $1.55. The company has a PEG of 2.51 and a Quick Ratio of 3.67 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.49% over the week and 5.31% over the month.
Analysts forecast that Shopify Inc (SHOP) will achieve an EPS of 0.26 for the current quarter, 0.32 for the next quarter and 1.9 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.18 while analysts give the company a high EPS estimate of 0.18. Comparatively, EPS for the current quarter was 0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 19.71%, and 26.40% over the next financial year.
Looking at the support for the SHOP, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on February 10, 2025, with the firm’s price target at $150. New Street coverage for the Shopify Inc (SHOP) stock in a research note released on January 10, 2025 offered a Neutral rating with a price target of $115. Wedbush was of a view on January 06, 2025 that the stock is Outperform, while Loop Capital gave the stock Buy rating on December 06, 2024, issuing a price target of $110- $140. DZ Bank on their part issued Sell rating on November 21, 2024.
