Shopify Inc (NYSE: SHOP) has a higher price-to-earnings ratio of 108.77x compared to its average ratio. SHOP has 36-month beta value of 2.44. Analysts have mixed views on the stock, with 20 analysts rating it as a “buy,” 10 as “overweight,” 21 as “hold,” and 1 as “sell.”
The public float for SHOP is 1.21B, and currently, short sellers hold a 1.41% ratio of that float. The average trading volume of SHOP on December 02, 2024 was 7.16M shares.
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SHOP) stock’s latest price update
The stock of Shopify Inc (NYSE: SHOP) has increased by 2.72 when compared to last closing price of 112.54.Despite this, the company has seen a gain of 8.56% in its stock price over the last five trading days. investors.com reported 2024-11-29 that Online shopping on Thanksgiving hit record levels. Amazon stock closed slightly higher Friday.
SHOP’s Market Performance
Shopify Inc (SHOP) has seen a 8.56% rise in stock performance for the week, with a 44.48% gain in the past month and a 56.07% surge in the past quarter. The volatility ratio for the week is 2.97%, and the volatility levels for the past 30 days are at 3.69% for SHOP. The simple moving average for the past 20 days is 15.46% for SHOP’s stock, with a 56.36% simple moving average for the past 200 days.
Analysts’ Opinion of SHOP
Redburn Atlantic, on the other hand, stated in their research note that they expect to see SHOP reach a price target of $99. The rating they have provided for SHOP stocks is “Buy” according to the report published on September 17th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to SHOP, setting the target price at $70 in the report published on September 05th of the current year.
SHOP Trading at 30.62% 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 -0.02% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +47.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.92% upper at present.
During the last 5 trading sessions, SHOP rose by +8.56%, which changed the moving average for the period of 200-days by +43.30% in comparison to the 20-day moving average, which settled at $100.11. In addition, Shopify Inc saw 48.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHOP starting from FIDJI SIMO, who proposed sale 500 shares at the price of $109.08 back on Nov 15 ’24. After this action, FIDJI SIMO now owns shares of Shopify Inc, valued at $54,540 using the latest closing price.
Colleen Johnston, the Director of Shopify Inc, proposed sale 2,000 shares at $108.92 during a trade that took place back on Nov 14 ’24, which means that Colleen Johnston is holding shares at $217,840 based on the most recent closing price.
Stock Fundamentals for SHOP
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.51 for the gross margin
The net margin for Shopify Inc stands at 0.17. The total capital return value is set at 0.07. Equity return is now at value 15.04, with 12.14 for asset returns.
Based on Shopify Inc (SHOP), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.58.
Currently, EBITDA for the company is -8.0 million with net debt to EBITDA at -0.3. When we switch over and look at the enterprise to sales, we see a ratio of 18.15. The receivables turnover for the company is 5.72for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.10.
Conclusion
To put it simply, Shopify Inc (SHOP) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
