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As of close of business last night, Shopify Inc’s stock clocked out at $119.18, up 2.22% from its previous closing price of $116.59. In other words, the price has increased by $2.22 from its previous closing price. On the day, 6.04 million shares were traded. SHOP stock price reached its highest trading level at $119.83 during the session, while it also had its lowest trading level at $115.83.
Ratios:
To gain a deeper understanding of SHOP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 108.60. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 154481115136 and an Enterprise Value of 150238281728. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 112.14, and their Forward P/E ratio for the next fiscal year is 76.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.75 while its Price-to-Book (P/B) ratio in mrq is 15.22. Its current Enterprise Value per Revenue stands at 18.295 whereas that against EBITDA is 120.095.
Stock Price History:
The Beta on a monthly basis for SHOP is 2.47, which has changed by 0.4058845 over the last 52 weeks, in comparison to a change of 0.21794415 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 8.41%, while the 200-Day Moving Average is calculated to be 47.78%.
Shares Statistics:
It appears that SHOP traded 7.89M shares on average per day over the past three months and 6329120 shares per day 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 65.49% stake in the company. Shares short for SHOP as of 1736899200 were 16889837 with a Short Ratio of 2.14, compared to 1734048000 on 16619777. Therefore, it implies a Short% of Shares Outstanding of 16889837 and a Short% of Float of 2.33.
