A Stock You Should Be Looking At: Shopify Inc. (NYSE:SHOP)

As of close of business last night, Shopify Inc.’s stock clocked out at $57.71, down -2.14% from its previous closing price of $58.97. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 11493645 shares were traded. SHOP stock price reached its highest trading level at $59.58 during the session, while it also had its lowest trading level at $57.43.

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To gain a deeper understanding of SHOP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.70 and its Current Ratio is at 6.70. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SHOP now has a Market Capitalization of 79.33B and an Enterprise Value of 75.87B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.64 while its Price-to-Book (P/B) ratio in mrq is 8.72. Its current Enterprise Value per Revenue stands at 12.85 whereas that against EBITDA is -20.99.

Stock Price History:

Over the past 52 weeks, SHOP has reached a high of $65.54, while it has fallen to a 52-week low of $23.63. The 50-Day Moving Average of the stock is 51.10, while the 200-Day Moving Average is calculated to be 40.53.

Shares Statistics:

It appears that SHOP traded 16.21M shares on average per day over the past three months and 13.73M shares per day over the past ten days. A total of 1.28B shares are outstanding, with a floating share count of 1.14B. Insiders hold about 0.19% of the company’s shares, while institutions hold 65.80% stake in the company. Shares short for SHOP as of May 14, 2023 were 38.59M with a Short Ratio of 38.59M, compared to 35.27M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.02% and a Short% of Float of 5.41%.

Earnings Estimates

As of right now, 30 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 $0.31 and a low estimate of -$0.07, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.09, with high estimates of $0.32 and low estimates of -$0.02.

Analysts are recommending an EPS of between $1.06 and $0.05 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.53, with 35 analysts recommending between $1 and $0.21.

Revenue Estimates

In the current quarter, 35 analysts expect revenue to total $1.62B. It ranges from a high estimate of $1.65B to a low estimate of $1.6B. As of the current estimate, Shopify Inc.’s year-ago sales were $1.3B, an estimated increase of 25.30% from the year-ago figure. For the next quarter, 34 analysts are estimating revenue of $1.6B, an increase of 17.20% less than the figure of $25.30% in the same quarter last year. There is a high estimate of $1.71B for the next quarter, whereas the lowest estimate is $1.35B.

A total of 41 analysts have provided revenue estimates for SHOP’s current fiscal year. The highest revenue estimate was $7.02B, while the lowest revenue estimate was $6.21B, resulting in an average revenue estimate of $6.73B. In the same quarter a year ago, actual revenue was $5.6B, up 20.10% from the average estimate. Based on 40 analysts’ estimates, the company’s revenue will be $7.93B in the next fiscal year. The high estimate is $8.63B and the low estimate is $6.72B. The average revenue growth estimate for next year is up 18.00% from the average revenue estimate for this year.