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After finishing at $117.37 in the prior trading day, Shopify Inc (NYSE: SHOP) closed at $115.31, down -1.76%. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 6.04 million shares were traded. SHOP stock price reached its highest trading level at $118.32 during the session, while it also had its lowest trading level at $115.15.
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 30.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 105.07. 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 the company, Loop Capital on December 06, 2024, Upgraded its rating to Buy and sets its target price to $140 from $110 previously.
Redburn Atlantic Upgraded its Neutral to Buy on September 17, 2024, while the target price for the stock was maintained at $99.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’24 when JESSICA HERTZ bought 4,963 shares for $117.66 per share.
JEFF HOFFMEISTER bought 24,000 shares of SHOP for $2,766,960 on Dec 10 ’24. On Nov 15 ’24, another insider, FIDJI SIMO, who serves as the Director of the company, bought 500 shares for $109.08 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 151586521088 and an Enterprise Value of 145237852160. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 108.50, and their Forward P/E ratio for the next fiscal year is 76.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.14 while its Price-to-Book (P/B) ratio in mrq is 14.72. Its current Enterprise Value per Revenue stands at 17.686 whereas that against EBITDA is 116.097.
Stock Price History:
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 21.61%, while the 200-Day Moving Average is calculated to be 52.54%.
Shares Statistics:
The stock has traded on average 7.46M shares per day over the past 3-months and 7003550 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 1.21B. Insiders hold about 6.41% of the company’s shares, while institutions hold 65.46% stake in the company. Shares short for SHOP as of 1732838400 were 15415660 with a Short Ratio of 2.07, compared to 1730332800 on 21415205. Therefore, it implies a Short% of Shares Outstanding of 15415660 and a Short% of Float of 2.12.
