In the latest session, Shopify Inc (NYSE: SHOP) closed at $79.59 down -2.14% from its previous closing price of $81.33. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 11195108 shares were traded.
Ratios:
For a deeper understanding of Shopify Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 114.18. 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 102.45B and an Enterprise Value of 98.59B. As of this moment, Shopify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 884.33, and their Forward P/E ratio for the next fiscal year is 57.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.50 while its Price-to-Book (P/B) ratio in mrq is 11.29. Its current Enterprise Value per Revenue stands at 13.96 whereas that against EBITDA is -12.32k.
Stock Price History:
The Beta on a monthly basis for SHOP is 2.22, which has changed by 76.95% over the last 52 weeks, in comparison to a change of 32.00% over the same period for the S&P500. 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 79.52, while the 200-Day Moving Average is calculated to be 67.06.
Shares Statistics:
For the past three months, SHOP has traded an average of 9.94M shares per day and 7.45M over the past ten days. 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 65.02% stake in the company. Shares short for SHOP as of Feb 29, 2024 were 19.06M with a Short Ratio of 1.92, compared to 25.68M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.48% and a Short% of Float of 2.64%.
Earnings Estimates
There are 32 different market analysts currently analyzing its stock. 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 $1.34, with 36 analysts recommending between $2.38 and $0.75.
Revenue Estimates
A total of 36 analysts believe the company’s revenue will be $1.84B this 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 44 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 41 analysts’ estimates, the company’s revenue will be $10.27B 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.
