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As of close of business last night, Shopify Inc’s stock clocked out at $108.92, up 21.04% from its previous closing price of $89.99. In other words, the price has increased by $21.04 from its previous closing price. On the day, 63.75 million shares were traded. SHOP stock price reached its highest trading level at $114.51 during the session, while it also had its lowest trading level at $106.01.
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 39.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 153.83. For the most recent quarter (mrq), Quick Ratio is recorded 7.32 and its Current Ratio is at 7.32. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $70.
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 13 ’24 when Harley Finkelsein bought 8,877 shares for $85.55 per share.
FIDJI SIMO bought 500 shares of SHOP for $41,840 on Oct 15 ’24. On Sep 26 ’24, another insider, Robert Ashe, who serves as the director of the company, bought 80,000 shares for $78.72 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 140774752256 and an Enterprise Value of 136664899584. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.05, and their Forward P/E ratio for the next fiscal year is 76.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.25 while its Price-to-Book (P/B) ratio in mrq is 15.32. Its current Enterprise Value per Revenue stands at 17.602 whereas that against EBITDA is 137.906.
Stock Price History:
Over the past 52 weeks, SHOP has reached a high of $92.16, while it has fallen to a 52-week low of $48.56. The 50-Day Moving Average of the stock is 37.05%, while the 200-Day Moving Average is calculated to be 50.54%.
Shares Statistics:
It appears that SHOP traded 5.77M shares on average per day over the past three months and 6715390 shares per day over the past ten days. A total of 1.29B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 6.44% of the company’s shares, while institutions hold 64.17% stake in the company. Shares short for SHOP as of 1728950400 were 21621193 with a Short Ratio of 3.71, compared to 1726185600 on 21418075. Therefore, it implies a Short% of Shares Outstanding of 21621193 and a Short% of Float of 2.98.
