Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Shopify Inc’s stock clocked out at $114.09, up 0.58% from its previous closing price of $113.43. In other words, the price has increased by $0.58 from its previous closing price. On the day, 5.25 million shares were traded. SHOP stock price reached its highest trading level at $115.46 during the session, while it also had its lowest trading level at $112.94.
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 30.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 103.96. 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.
On September 17, 2024, Redburn Atlantic Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $99.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $70.Cantor Fitzgerald initiated its Neutral rating on September 05, 2024, with a $70 target price.
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 Nov 15 ’24 when FIDJI SIMO bought 500 shares for $109.08 per share.
Colleen Johnston bought 2,000 shares of SHOP for $217,840 on Nov 14 ’24. On Nov 14 ’24, another insider, KASRA NEJATIAN, who serves as the Officer of the company, bought 31,250 shares for $109.98 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 146621612032 and an Enterprise Value of 143661498368. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 107.35, and their Forward P/E ratio for the next fiscal year is 76.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.95 while its Price-to-Book (P/B) ratio in mrq is 14.57. Its current Enterprise Value per Revenue stands at 17.494 whereas that against EBITDA is 114.837.
Stock Price History:
Over the past 52 weeks, SHOP has reached a high of $116.35, while it has fallen to a 52-week low of $48.56. The 50-Day Moving Average of the stock is 25.14%, while the 200-Day Moving Average is calculated to be 52.94%.
Shares Statistics:
It appears that SHOP traded 7.36M shares on average per day over the past three months and 8016910 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 6.41% of the company’s shares, while institutions hold 65.49% stake in the company. Shares short for SHOP as of 1731628800 were 17071648 with a Short Ratio of 2.32, compared to 1728950400 on 21621193. Therefore, it implies a Short% of Shares Outstanding of 17071648 and a Short% of Float of 2.35.
