Shopify Inc. [NYSE: SHOP] jumped around 131.91 points on Wednesday, while shares priced at $1288.80 at the close of the session, up 11.40%. The company report on April 28, 2021 that Shopify Announces First-Quarter 2021 Financial Results.
First-Quarter Revenue Growth Accelerates to 110% on GMV Growth of 114% Year on Year.
Shopify reports in U.S. dollars and in accordance with U.S. GAAP.
Shopify Inc. stock is now 13.86% up from its year-to-date (YTD) trading value. SHOP Stock saw the intraday high of $1,301.61 and lowest of $1,192.75 per share. The company’s 52-week high price is 1499.75, which means current price is +28.22% above from all time high which was touched on 02/10/21.
Compared to the average trading volume of 1.40M shares, SHOP reached a trading volume of 3869756 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $1434.44 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 2.40. 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.
Evercore ISI have made an estimate for Shopify Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 05, 2021, representing the official price target for Shopify Inc. stock. Previously, the target price had yet another raise to $1360, while Wolfe Research analysts kept a Outperform rating on SHOP stock.
The Average True Range (ATR) for Shopify Inc. is set at 56.49, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 54.31. The Price to Book ratio for the last quarter was 24.60, with the Price to Cash per share for the same quarter was set at 51.75. Price to Free Cash Flow for SHOP in the course of the last twelve months was 415.09 with Quick ratio for the last quarter at 15.70.
How has SHOP stock performed recently?
Shopify Inc. [SHOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.85. With this latest performance, SHOP shares gained by 23.93% in over the last four-week period, additionally plugging by 24.16% over the last 6 months – not to mention a rise of 103.39% 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 62.38, with the RSI for the last a single of trading hit 68.31, and the three-weeks RSI is set at 58.60 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 1,184.62, while it was recorded at 1,161.47 for the last single week of trading, and 1,093.64 for the last 200 days.
Shopify Inc. [SHOP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Shopify Inc. [SHOP] shares currently have an operating margin of +4.41 and a Gross Margin at +51.33. Shopify Inc.’s Net Margin is presently recorded at +10.91.
Return on Total Capital for SHOP is now 2.46, given the latest momentum, and Return on Invested Capital for the company is 6.11. Return on Equity for this stock inclined to 6.79, with Return on Assets sitting at 5.68. When it comes to the capital structure of this company, Shopify Inc. [SHOP] has a Total Debt to Total Equity ratio set at 14.26. Additionally, SHOP Total Debt to Total Capital is recorded at 12.48, with Total Debt to Total Assets ending up at 11.76. Long-Term Debt to Equity for the company is recorded at 14.11, with the Long-Term Debt to Total Capital now at 12.34.
Reflecting on the efficiency of the workforce at the company, Shopify Inc. [SHOP] managed to generate an average of $45,644 per employee. Receivables Turnover for the company is 8.85 with a Total Asset Turnover recorded at a value of 0.52.Shopify Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.70 and a Current Ratio set at 15.70.
Earnings analysis for Shopify Inc. [SHOP]
With the latest financial reports released by the company, Shopify Inc. posted 1.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10,400.00%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shopify Inc. go to 31.25%.
Insider trade positions for Shopify Inc. [SHOP]
There are presently around $92,489 million, or 67.10% of SHOP stock, in the hands of institutional investors. The top three institutional holders of SHOP stocks are: FMR LLC with ownership of 6,056,405, which is approximately -10.933% of the company’s market cap and around 0.32% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 5,724,739 shares of the stock with an approximate value of $7.38 billion in SHOP stocks shares; and CAPITAL WORLD INVESTORS, currently with $7.35 billion in SHOP stock with ownership of nearly -1.992% of the company’s market capitalization.
Positions in Shopify Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 673 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 6,368,437 shares. Additionally, 386 investors decreased positions by around 4,872,792 shares, while 132 investors held positions by with 60,522,728 shares. The mentioned changes placed institutional holdings at 71,763,957 shares, according to the latest SEC report filing. SHOP stock had 226 new institutional investments in for a total of 1,417,822 shares, while 76 institutional investors sold positions of 542,591 shares during the same period.