The price of Shopify Inc (NYSE: SHOP) closed at $78.42 in the last session, down -0.33% from day before closing price of $78.68. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 7239329 shares were traded. SHOP stock price reached its highest trading level at $79.80 during the session, while it also had its lowest trading level at $77.36.
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 20.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 112.50. For the most recent quarter (mrq), Quick Ratio is recorded 6.94 and its Current Ratio is at 6.94. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.12.
DZ Bank Downgraded its Hold to Sell on December 12, 2023, while the target price for the stock was maintained at $65.
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 100.94B and an Enterprise Value of 97.08B. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 871.33, and their Forward P/E ratio for the next fiscal year is 56.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.29 while its Price-to-Book (P/B) ratio in mrq is 11.13. Its current Enterprise Value per Revenue stands at 13.75 whereas that against EBITDA is -12.14k.
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 $42.02. The 50-Day Moving Average of the stock is 79.21, while the 200-Day Moving Average is calculated to be 66.55.
Shares Statistics:
According to the various share statistics, SHOP traded on average about 10.35M shares per day over the past 3-months and 7.67M 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 6.70% of the company’s shares, while institutions hold 65.03% stake in the company. Shares short for SHOP as of Feb 29, 2024 were 19.06M with a Short Ratio of 1.84, compared to 25.68M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.48% and a Short% of Float of 2.64%.
Earnings Estimates
The company has 32 analysts who recommend its stock at the moment. 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 36 analysts recommending between $2.38 and $0.75.
Revenue Estimates
According to 36 analysts, the current quarter’s revenue is expected to be $1.84B. It ranges from a high estimate of $1.88B to a low estimate of $1.81B. As of the current estimate, Shopify Inc’s year-ago sales were $1.43B, an estimated increase of 28.70% from the year-ago figure.
A total of 44 analysts have provided revenue estimates for SHOP’s current fiscal year. The highest revenue estimate was $8.9B, while the lowest revenue estimate was $8.29B, resulting in an average revenue estimate of $8.55B. In the same quarter a year ago, actual revenue was $7.06B, up 21.10% from the average estimate. Based on 41 analysts’ estimates, the company’s revenue will be $10.27B in the next fiscal year. The high estimate is $10.9B and the low estimate is $9.6B. The average revenue growth estimate for next year is up 20.10% from the average revenue estimate for this year.
