After finishing at $78.12 in the prior trading day, Shopify Inc (NYSE: SHOP) closed at $75.64, down -3.17%. In other words, the price has decreased by -$2.48 from its previous closing price. On the day, 9844886 shares were traded.
Ratios:
Our goal is to gain a better understanding of SHOP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 108.57. 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 100.56B and an Enterprise Value of 96.70B. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 840.44, and their Forward P/E ratio for the next fiscal year is 54.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.79 while its Price-to-Book (P/B) ratio in mrq is 10.73. Its current Enterprise Value per Revenue stands at 13.70 whereas that against EBITDA is -12.09k.
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 $43.50. The 50-Day Moving Average of the stock is 79.13, while the 200-Day Moving Average is calculated to be 67.65.
Shares Statistics:
The stock has traded on average 9.65M shares per day over the past 3-months and 6.35M shares per day over the last 10 days, according to various share statistics. 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 65.64% stake in the company. Shares short for SHOP as of Mar 15, 2024 were 18.13M with a Short Ratio of 1.88, compared to 22.05M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.41% and a Short% of Float of 2.51%.
Earnings Estimates
Its stock is currently analyzed by 31 different market analysts. 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 $1.35, with 35 analysts recommending between $2.38 and $0.75.
Revenue Estimates
35 analysts predict $1.84B in revenue for the current quarter. It ranges from a high estimate of $1.88B to a low estimate of $1.8B. As of the current estimate, Shopify Inc’s year-ago sales were $1.43B, an estimated increase of 28.60% from the year-ago figure.
A total of 43 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 40 analysts’ estimates, the company’s revenue will be $10.26B 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.
