Daily Market Movement: Shopify Inc (SHOP) Sees a -0.27 Decrease, Closing at 58.78

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The closing price of Shopify Inc (NYSE: SHOP) was $58.78 for the day, down -0.27% from the previous closing price of $58.94. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 12.23 million shares were traded. SHOP stock price reached its highest trading level at $59.48 during the session, while it also had its lowest trading level at $58.26.


Our analysis of SHOP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.55. 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 May 09, 2024, JMP Securities Upgraded its rating to Mkt Outperform which previously was Mkt Perform but kept the price unchanged to $80.

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 75732738048 and an Enterprise Value of 71716855808. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.21 while its Price-to-Book (P/B) ratio in mrq is 8.51. Its current Enterprise Value per Revenue stands at 9.674 whereas that against EBITDA is 119.928.

Stock Price History:

The Beta on a monthly basis for SHOP is 2.29, which has changed by -0.02228874 over the last 52 weeks, in comparison to a change of 0.2704494 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 -20.39%, while the 200-Day Moving Average is calculated to be -14.15%.

Shares Statistics:

SHOP traded an average of 10.12M shares per day over the past three months and 17178240 shares per day over the past ten days. A total of 1.21B shares are outstanding, with a floating share count of 1.20B. Insiders hold about 6.49% of the company’s shares, while institutions hold 64.82% stake in the company. Shares short for SHOP as of 1714435200 were 15979371 with a Short Ratio of 1.58, compared to 1711584000 on 16971835. Therefore, it implies a Short% of Shares Outstanding of 15979371 and a Short% of Float of 2.21.

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