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The closing price of Shopify Inc (NYSE: SHOP) was $71.59 for the day, up 2.42% from the previous closing price of $69.90. In other words, the price has increased by $2.42 from its previous closing price. On the day, 9.01 million shares were traded. SHOP stock price reached its highest trading level at $71.73 during the session, while it also had its lowest trading level at $69.95.
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 18.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.41. For the most recent quarter (mrq), Quick Ratio is recorded 7.32 and its Current Ratio is at 7.32. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.
BofA Securities Upgraded its Neutral to Buy on July 16, 2024, whereas the target price for the stock was revised from $78 to $82.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 08 ’24 when KASRA NEJATIAN bought 48,387 shares for $64.84 per share.
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 92379013120 and an Enterprise Value of 88494768128. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 72.99, and their Forward P/E ratio for the next fiscal year is 52.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.88 while its Price-to-Book (P/B) ratio in mrq is 10.07. Its current Enterprise Value per Revenue stands at 11.398 whereas that against EBITDA is 89.298.
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 12.61%, while the 200-Day Moving Average is calculated to be 2.00%.
Shares Statistics:
SHOP traded an average of 10.76M shares per day over the past three months and 17453910 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 66.80% stake in the company. Shares short for SHOP as of 1722384000 were 18901224 with a Short Ratio of 1.76, compared to 1719532800 on 19733198. Therefore, it implies a Short% of Shares Outstanding of 18901224 and a Short% of Float of 2.6099999.
