Shopify Inc. [NYSE: SHOP] slipped around -17.1 points on Wednesday, while shares priced at $1538.00 at the close of the session, down -1.10%. The company report on July 28, 2021 that Shopify Announces Second-Quarter 2021 Financial Results.
Achieves First $1 Billion Revenue Quarter on Record GMV.
Helping Independent Brands Compete as Commerce Goes Digital.
Shopify Inc. stock is now 35.87% up from its year-to-date (YTD) trading value. SHOP Stock saw the intraday high of $1,583.15 and lowest of $1,497.03 per share. The company’s 52-week high price is 1650.00, which means current price is +53.01% above from all time high which was touched on 07/26/21.
Compared to the average trading volume of 1.49M shares, SHOP reached a trading volume of 2179480 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 $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 62.09, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 53.80. The Price to Book ratio for the last quarter was 20.73, with the Price to Cash per share for the same quarter was set at 65.27. Price to Free Cash Flow for SHOP in the course of the last twelve months was 301.45 with Quick ratio for the last quarter at 17.10.
How has SHOP stock performed recently?
Shopify Inc. [SHOP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.00. With this latest performance, SHOP shares gained by 2.88% in over the last four-week period, additionally plugging by 40.83% over the last 6 months – not to mention a rise of 56.14% 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 56.48, with the RSI for the last a single of trading hit 53.02, and the three-weeks RSI is set at 58.21 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 1,391.50, while it was recorded at 1,582.56 for the last single week of trading, and 1,199.29 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 17.10 and a Current Ratio set at 17.10.
Earnings analysis for Shopify Inc. [SHOP]
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%.
Insider trade positions for Shopify Inc. [SHOP]
There are presently around $115,520 million, or 69.90% 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 $9.03 billion in SHOP stocks shares; and CAPITAL WORLD INVESTORS, currently with $8.16 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 July and at the time of the July reporting period, where 654 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 9,373,234 shares. Additionally, 448 investors decreased positions by around 5,910,466 shares, while 169 investors held positions by with 59,826,852 shares. The mentioned changes placed institutional holdings at 75,110,552 shares, according to the latest SEC report filing. SHOP stock had 157 new institutional investments in for a total of 1,537,723 shares, while 110 institutional investors sold positions of 1,114,552 shares during the same period.