Shopify Inc. [NYSE: SHOP] plunged by -$17.81 during the normal trading session on Wednesday and reaching a high of $1,587.74 during the day while it closed the day at $1520.22. The company report on July 7, 2021 that Shopify to Announce Second-Quarter 2021 Financial Results July 28, 2021.
Internet, Everywhere–(Newsfile Corp. – July 7, 2021) – Shopify Inc. (NYSE: SHOP) (TSX: SHOP), a leading global commerce company, plans to announce financial results for its second quarter ended June 30, 2021 before markets open on Wednesday, July 28, 2021.
Shopify’s management team will host a conference call to discuss second-quarter results at 8:30 a.m. ET on Wednesday, July 28, 2021. The conference call will be available via webcast on the investor relations section of Shopify’s website at https://investors.shopify.com/news-and-events/.
Shopify Inc. stock has also gained 2.51% of its value over the past 7 days. However, SHOP stock has inclined by 31.11% in the 3 months of the year. Over the past six months meanwhile, it has gained 35.89% and gained 34.30% year-on date.
The market cap for SHOP stock reached $188.16 billion, with 123.24 million shares outstanding and 112.46 million shares in the current float. Compared to the average trading volume of 1.41M shares, SHOP reached a trading volume of 1654670 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $1515.09 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 2.20. 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.
Barclays have made an estimate for Shopify Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 28, 2021. The new note on the price target was released on May 11, 2021, representing the official price target for Shopify Inc. stock. Previously, the target price had yet another raise to $1500, while Susquehanna analysts kept a Positive rating on SHOP stock. On April 29, 2021, analysts increased their price target for SHOP shares from 1325 to 1530.
The Average True Range (ATR) for Shopify Inc. is set at 51.98, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 54.57. The Price to Book ratio for the last quarter was 20.49, with the Price to Cash per share for the same quarter was set at 63.61. Price to Free Cash Flow for SHOP in the course of the last twelve months was 305.75 with Quick ratio for the last quarter at 17.10.
SHOP stock trade performance evaluation
Shopify Inc. [SHOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.51. With this latest performance, SHOP shares gained by 23.54% in over the last four-week period, additionally plugging by 35.89% over the last 6 months – not to mention a rise of 49.92% 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 70.33, with the RSI for the last a single of trading hit 70.61, and the three-weeks RSI is set at 67.99 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 1,274.58, while it was recorded at 1,488.40 for the last single week of trading, and 1,160.88 for the last 200 days.
Shopify Inc. [SHOP]: An insightful look at the core 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 17.10 and a Current Ratio set at 17.10.
Earnings per share (EPS) analysis for Shopify Inc. [SHOP] stock
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 27.44%.
Shopify Inc. [SHOP]: Insider Ownership positions
There are presently around $114,162 million, or 69.70% of SHOP stock, in the hands of institutional investors. The top three institutional holders of SHOP stocks are: MORGAN STANLEY with ownership of 6,032,425, which is approximately 24.164% of the company’s market cap and around 0.28% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 5,868,340 shares of the stock with an approximate value of $8.92 billion in SHOP stocks shares; and CAPITAL WORLD INVESTORS, currently with $8.07 billion in SHOP stock with ownership of nearly -6.93% of the company’s market capitalization.
Positions in Shopify Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 652 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 9,383,324 shares. Additionally, 459 investors decreased positions by around 5,882,873 shares, while 155 investors held positions by with 59,829,249 shares. The mentioned changes placed institutional holdings at 75,095,446 shares, according to the latest SEC report filing. SHOP stock had 167 new institutional investments in for a total of 1,575,745 shares, while 118 institutional investors sold positions of 1,045,030 shares during the same period.