Balance Sheet Dive: Shopify Inc (SHOP)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $64.25 in the prior trading day, Shopify Inc (NYSE: SHOP) closed at $63.88, down -0.58%. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 7.39 million shares were traded. SHOP stock price reached its highest trading level at $64.8701 during the session, while it also had its lowest trading level at $63.15.

Ratios:

Our goal is to gain a better understanding of SHOP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.94. 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.

On June 11, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $74.

MoffettNathanson Downgraded its Buy to Neutral on June 06, 2024, whereas the target price for the stock was revised from $74 to $65.

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 82780815360 and an Enterprise Value of 78289141760. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.10 while its Price-to-Book (P/B) ratio in mrq is 9.25. Its current Enterprise Value per Revenue stands at 10.561 whereas that against EBITDA is 130.918.

Stock Price History:

The Beta on a monthly basis for SHOP is 2.29, which has changed by 0.001410842 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -2.22%, while the 200-Day Moving Average is calculated to be -7.11%.

Shares Statistics:

The stock has traded on average 10.53M shares per day over the past 3-months and 10867240 shares per day over the last 10 days, according to various share statistics. 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 63.97% stake in the company. Shares short for SHOP as of 1715731200 were 19856817 with a Short Ratio of 1.87, compared to 1713139200 on 16334745. Therefore, it implies a Short% of Shares Outstanding of 19856817 and a Short% of Float of 2.75.

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