Shopify Inc. [NYSE: SHOP] price surged by 4.97 percent to reach at $48.28. The company report on October 29, 2020 that Shopify Announces Third-Quarter 2020 Financial Results.
Third-Quarter Revenue Grows 96% on GMV Growth of 109% Year on Year.
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Shopify reports in U.S. dollars and in accordance with U.S. GAAP.
A sum of 1573814 shares traded at recent session while its average daily volume was at 1.77M shares. Shopify Inc. shares reached a high of $1,021.11 and dropped to a low of $975.00 until finishing in the latest session at $1019.52.
The one-year SHOP stock forecast points to a potential upside of 9.26. The average equity rating for SHOP stock is currently 2.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Shopify Inc. [SHOP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHOP shares is $1123.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHOP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Shopify Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 19, 2020. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price from $1150 to $1250. The new note on the price target was released on October 06, 2020, representing the official price target for Shopify Inc. stock. Previously, the target price had yet another raise to $970, while Morgan Stanley analysts kept a Equal-Weight rating on SHOP stock. On September 30, 2020, analysts increased their price target for SHOP shares from 998 to 1300.
The Average True Range (ATR) for Shopify Inc. is set at 44.41, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 49.48. The Price to Book ratio for the last quarter was 19.89, with the Price to Cash per share for the same quarter was set at 51.34. Price to Free Cash Flow for SHOP in the course of the last twelve months was 661.72 with Quick ratio for the last quarter at 17.90.
SHOP Stock Performance Analysis:
Shopify Inc. [SHOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.46. With this latest performance, SHOP shares dropped by -5.85% in over the last four-week period, additionally plugging by 34.54% over the last 6 months – not to mention a rise of 203.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHOP stock in for the last two-week period is set at 56.28, with the RSI for the last a single of trading hit 61.78, and the three-weeks RSI is set at 53.60 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 994.92, while it was recorded at 985.21 for the last single week of trading, and 811.71 for the last 200 days.
Insight into Shopify Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Shopify Inc. [SHOP] shares currently have an operating margin of -8.62 and a Gross Margin at +53.80. Shopify Inc.’s Net Margin is presently recorded at -7.91.
Return on Total Capital for SHOP is now -5.17, given the latest momentum, and Return on Invested Capital for the company is -4.76. Return on Equity for this stock declined to -4.89, with Return on Assets sitting at -4.34. When it comes to the capital structure of this company, Shopify Inc. [SHOP] has a Total Debt to Total Equity ratio set at 5.03. Additionally, SHOP Total Debt to Total Capital is recorded at 4.79, with Total Debt to Total Assets ending up at 4.35. Long-Term Debt to Equity for the company is recorded at 4.73, with the Long-Term Debt to Total Capital now at 4.50.
Reflecting on the efficiency of the workforce at the company, Shopify Inc. [SHOP] managed to generate an average of -$24,968 per employee. Receivables Turnover for the company is 8.44 with a Total Asset Turnover recorded at a value of 0.55.Shopify Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.90 and a Current Ratio set at 17.90.
SHOP Stock EPS
With the latest financial reports released by the company, Shopify Inc. posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 79.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHOP.
Shopify Inc. [SHOP] Insider Position Details
There are presently around $71,579 million, or 67.30% of SHOP stock, in the hands of institutional investors. The top three institutional holders of SHOP stocks are: FMR LLC with ownership of 6,799,853, which is approximately -16.754% of the company’s market cap and around 0.40% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 5,817,720 shares of the stock with an approximate value of $5.93 billion in SHOP stocks shares; and BAILLIE GIFFORD & CO, currently with $5.76 billion in SHOP stock with ownership of nearly -2.779% of the company’s market capitalization.
Positions in Shopify Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 504 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 5,940,634 shares. Additionally, 407 investors decreased positions by around 6,580,126 shares, while 117 investors held positions by with 57,687,554 shares. The mentioned changes placed institutional holdings at 70,208,314 shares, according to the latest SEC report filing. SHOP stock had 166 new institutional investments in for a total of 1,558,532 shares, while 88 institutional investors sold positions of 481,032 shares during the same period.