As of close of business last night, Shopify Inc.’s stock clocked out at 30.95, down -6.04% from its previous closing price of $32.94. In other words, the price has decreased by $-1.99 from its previous closing price. On the day, 25886840 shares were traded. SHOP reached its highest trading level at $32.39 during the session, while it also had its lowest trading level at $30.79.
To gain a deeper understanding of SHOP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 709.13. For the most recent quarter (mrq), Quick Ratio is recorded 11.20 and its Current Ratio is at 11.20. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
On July 28, 2022, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $38 to $32.
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.34 while its Price-to-Book (P/B) ratio in mrq is 4.48.
Stock Price History:
Over the past 52 weeks, SHOP has reached a high of $176.29, while it has fallen to a 52-week low of $29.07. The 50-Day Moving Average of the stock is 34.97, while the 200-Day Moving Average is calculated to be 62.45.
It appears that SHOP traded 31.28M shares on average per day over the past three months and 27.66M shares per day over the past ten days. A total of 1.26B shares are outstanding, with a floating share count of 1.17B. Insiders hold about 0.18% of the company’s shares, while institutions hold 61.60% stake in the company. Shares short for SHOP as of Jul 14, 2022 were 56.1M with a Short Ratio of 1.58, compared to 52.63M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.44% and a Short% of Float of 8.55%.
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $-0.06 for the current quarter, with a high estimate of $0.07 and a low estimate of $-0.15, while EPS last year was $0.1. The consensus estimate for the next quarter is $-0.02, with high estimates of $0.11 and low estimates of $-0.09.
Analysts are recommending an EPS of between $0.28 and $-0.26 for the fiscal current year, implying an average EPS of $-0.07. EPS for the following year is $0.06, with 21 analysts recommending between $0.41 and $-0.25.
A total of 24 analysts have provided revenue estimates for SHOP’s current fiscal year. The highest revenue estimate was $8.31B, while the lowest revenue estimate was $6.46B, resulting in an average revenue estimate of $7.09B. In the same quarter a year ago, actual revenue was $5.91B, up 19.90% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $8.64B in the next fiscal year. The high estimate is $10.17B and the low estimate is $7.11B. The average revenue growth estimate for next year is up 21.90% from the average revenue estimate for this year.