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The price of Shopify Inc (NYSE: SHOP) closed at $62.73 in the last session, down -18.59% from day before closing price of $77.05. In other words, the price has decreased by -$18.59 from its previous closing price. On the day, 58.13 million shares were traded. SHOP stock price reached its highest trading level at $64.2 during the session, while it also had its lowest trading level at $60.6401.
Ratios:
We take a closer look at SHOP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.43. 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 April 29, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $93 to $105.
Morgan Stanley Upgraded its Equal-Weight to Overweight on April 19, 2024, whereas the target price for the stock was revised from $74 to $85.
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 80821960704 and an Enterprise Value of 95288786944. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.89 while its Price-to-Book (P/B) ratio in mrq is 9.09. Its current Enterprise Value per Revenue stands at 13.497 whereas that against EBITDA is 288.754.
Stock Price History:
The Beta on a monthly basis for SHOP is 2.33, which has changed by 0.21972454 over the last 52 weeks, in comparison to a change of 0.2537824 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 -16.05%, while the 200-Day Moving Average is calculated to be -8.46%.
Shares Statistics:
According to the various share statistics, SHOP traded on average about 9.04M shares per day over the past 3-months and 7816330 shares per day over the past 10 days. A total of 1.21B shares are outstanding, with a floating share count of 1.20B. Insiders hold about 6.50% of the company’s shares, while institutions hold 64.48% stake in the company. Shares short for SHOP as of 1713139200 were 16334745 with a Short Ratio of 1.81, compared to 1710460800 on 18128585. Therefore, it implies a Short% of Shares Outstanding of 16334745 and a Short% of Float of 2.26.
Earnings Estimates
The stock of Shopify Inc (SHOP) is currently being evaluated by 32.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.11, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.23, with high estimates of $0.44 and low estimates of $0.16.
Analysts are recommending an EPS of between $2.06 and $0.59 for the fiscal current year, implying an average EPS of $1.03. EPS for the following year is $1.34, with 39.0 analysts recommending between $2.38 and $0.75.
Revenue Estimates
According to 36 analysts, the current quarter’s revenue is expected to be $1.85B. It ranges from a high estimate of $1.91B to a low estimate of $1.81B. As of the current estimate, Shopify Inc’s year-ago sales were $1.43BFor the next quarter, 36 analysts are estimating revenue of $2.03B. There is a high estimate of $2.1B for the next quarter, whereas the lowest estimate is $1.96B.
A total of 46 analysts have provided revenue estimates for SHOP’s current fiscal year. The highest revenue estimate was $8.91B, while the lowest revenue estimate was $8.29B, resulting in an average revenue estimate of $8.57B. In the same quarter a year ago, actual revenue was $7.06BBased on 43 analysts’ estimates, the company’s revenue will be $10.3B in the next fiscal year. The high estimate is $11.03B and the low estimate is $9.6B.
