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In the latest session, Shopify Inc (NYSE: SHOP) closed at $59.20 down -1.12% from its previous closing price of $59.87. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 6.64 million shares were traded. SHOP stock price reached its highest trading level at $61.02 during the session, while it also had its lowest trading level at $58.93.
Ratios:
For a deeper understanding of Shopify Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.16. 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 July 16, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $78 to $82.
On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $80.Wolfe Research initiated its Outperform rating on July 16, 2024, with a $80 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 76273868800 and an Enterprise Value of 73121521664. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.29 while its Price-to-Book (P/B) ratio in mrq is 8.57. Its current Enterprise Value per Revenue stands at 9.864 whereas that against EBITDA is 122.277.
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 -5.70%, while the 200-Day Moving Average is calculated to be -15.02%.
Shares Statistics:
For the past three months, SHOP has traded an average of 10.80M shares per day and 7538950 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 66.18% stake in the company. Shares short for SHOP as of 1721001600 were 18832670 with a Short Ratio of 1.74, compared to 1718323200 on 22866603. Therefore, it implies a Short% of Shares Outstanding of 18832670 and a Short% of Float of 2.6099999.
