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As of close of business last night, Shopify Inc’s stock clocked out at $67.28, up 1.85% from its previous closing price of $66.06. In other words, the price has increased by $1.85 from its previous closing price. On the day, 3.93 million shares were traded. SHOP stock price reached its highest trading level at $67.2195 during the session, while it also had its lowest trading level at $66.26.
Ratios:
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 16.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 83.14. For the most recent quarter (mrq), Quick Ratio is recorded 7.14 and its Current Ratio is at 7.14. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on June 26, 2024, Reiterated its Buy rating but revised its target price to $96 from $95 previously.
On June 14, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line but kept the price unchanged to $75.
On June 11, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $74.JP Morgan initiated its Overweight rating on June 11, 2024, with a $74 target price.
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 85975605248 and an Enterprise Value of 81961893888. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.70 while its Price-to-Book (P/B) ratio in mrq is 9.75. Its current Enterprise Value per Revenue stands at 11.057 whereas that against EBITDA is 137.06.
Stock Price History:
Over the past 52 weeks, SHOP has reached a high of $91.57, while it has fallen to a 52-week low of $45.50. The 50-Day Moving Average of the stock is 4.51%, while the 200-Day Moving Average is calculated to be -2.21%.
Shares Statistics:
It appears that SHOP traded 10.85M shares on average per day over the past three months and 7298900 shares per day over the past ten days. A total of 1.21B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 6.46% of the company’s shares, while institutions hold 64.02% stake in the company. Shares short for SHOP as of 1718323200 were 22866603 with a Short Ratio of 2.11, compared to 1715731200 on 19856817. Therefore, it implies a Short% of Shares Outstanding of 22866603 and a Short% of Float of 3.1600002000000003.
