The price-to-earnings ratio for Shopify Inc (NYSE: SHOP) is above average at 860.78x, Company’s 36-month beta value is 2.21.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 6 as “overweight,” 24 as “hold,” and 2 as “sell.”
The public float for SHOP is 1.20B, and currently, short sellers hold a 1.51% ratio of that floaft. The average trading volume of SHOP on April 01, 2024 was 9.80M shares.
SHOP) stock’s latest price update
Shopify Inc (NYSE: SHOP)’s stock price has gone rise by 0.39 in comparison to its previous close of 77.17, however, the company has experienced a -1.59% decrease in its stock price over the last five trading days. The Motley Fool reported 2024-03-31 that The pharmaceutical and e-commerce industries have proven to be resilient places to invest. Eli Lilly is riding a wave of sales from new blockbuster drugs on top of its flagship products.
SHOP’s Market Performance
SHOP’s stock has fallen by -1.59% in the past week, with a monthly rise of 1.44% and a quarterly drop of -2.07%. The volatility ratio for the week is 2.56% while the volatility levels for the last 30 days are 3.29% for Shopify Inc The simple moving average for the past 20 days is 0.33% for SHOP’s stock, with a 14.81% simple moving average for the past 200 days.
Analysts’ Opinion of SHOP
DZ Bank gave a rating of “Sell” to SHOP, setting the target price at $65 in the report published on December 12th of the previous year.
SHOP Trading at -2.24% from the 50-Day Moving Average
After a stumble in the market that brought SHOP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.40% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.10% lower at present.
During the last 5 trading sessions, SHOP fell by -2.60%, which changed the moving average for the period of 200-days by +20.10% in comparison to the 20-day moving average, which settled at $77.22. In addition, Shopify Inc saw -0.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SHOP
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.5 for the gross margin
The net margin for Shopify Inc stands at 0.02. The total capital return value is set at -0.14. Equity return is now at value 1.54, with 1.21 for asset returns.
Based on Shopify Inc (SHOP), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.82. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 3.09.
Currently, EBITDA for the company is -88.0 million with net debt to EBITDA at 2.96. When we switch over and look at the enterprise to sales, we see a ratio of 14.05. The receivables turnover for the company is 6.11for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.94.
Conclusion
In a nutshell, Shopify Inc (SHOP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
