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

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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.

Ratios:

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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