Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Shopify Inc (NYSE: SHOP) closed at $103.50 down -0.71% from its previous closing price of $104.24. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 4.0 million shares were traded. SHOP stock price reached its highest trading level at $105.61 during the session, while it also had its lowest trading level at $103.14.
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 27.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 94.31. For the most recent quarter (mrq), Quick Ratio is recorded 7.10 and its Current Ratio is at 7.10. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, New Street on January 10, 2025, initiated with a Neutral rating and assigned the stock a target price of $115.
On January 06, 2025, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $115 to $125.
Loop Capital Upgraded its Hold to Buy on December 06, 2024, whereas the target price for the stock was revised from $110 to $140.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 15 ’25 when FIDJI SIMO bought 500 shares for $101.61 per share.
Harley Finkelstein bought 11,974 shares of SHOP for $1,372,551 on Dec 23 ’24. On Dec 23 ’24, another insider, Jeff Hoffmeister, who serves as the Officer of the company, bought 9,786 shares for $114.63 each.
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 133557436416 and an Enterprise Value of 129978171392. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 97.38, and their Forward P/E ratio for the next fiscal year is 67.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.28 while its Price-to-Book (P/B) ratio in mrq is 13.21. Its current Enterprise Value per Revenue stands at 15.828 whereas that against EBITDA is 103.899.
Stock Price History:
The Beta on a monthly basis for SHOP is 2.47, which has changed by 0.30283713 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, SHOP has reached a high of $120.72, while it has fallen to a 52-week low of $48.56. The 50-Day Moving Average of the stock is -3.13%, while the 200-Day Moving Average is calculated to be 30.96%.
Shares Statistics:
For the past three months, SHOP has traded an average of 7.54M shares per day and 5795650 over the past ten days. A total of 1.21B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 6.43% of the company’s shares, while institutions hold 65.44% stake in the company. Shares short for SHOP as of 1735603200 were 16181141 with a Short Ratio of 2.15, compared to 1732838400 on 15415660. Therefore, it implies a Short% of Shares Outstanding of 16181141 and a Short% of Float of 2.23.
