Shopify Inc. [NYSE: SHOP] plunged by -$96.55 during the normal trading session on Monday and reaching a high of $713.05 during the day while it closed the day at $683.45. The company report on February 16, 2022 that Shopify Announces Fourth-Quarter and Full-Year 2021 Financial Results.
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Fourth-quarter 2021 Merchant Solutions Revenue exceeds $1 billion for the first time.
Shopify reports in U.S. dollars and in accordance with U.S. GAAP.
Shopify Inc. stock has also gained 33.34% of its value over the past 7 days. However, SHOP stock has declined by -48.36% in the 3 months of the year. Over the past six months meanwhile, it has lost -52.36% and lost -50.38% year-on date.
The market cap for SHOP stock reached $72.52 billion, with 125.74 million shares outstanding and 113.70 million shares in the current float. Compared to the average trading volume of 2.53M shares, SHOP reached a trading volume of 6660289 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 $999.29 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 2.30. 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.
Wolfe Research have made an estimate for Shopify Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 17, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price from $1270 to $937. The new note on the price target was released on February 17, 2022, representing the official price target for Shopify Inc. stock. Previously, the target price had yet another drop from $1500 to $840, while TD Securities kept a Hold rating on SHOP stock. On February 17, 2022, analysts decreased their price target for SHOP shares from 1300 to 1000.
The Average True Range (ATR) for Shopify Inc. is set at 65.06, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 15.72. The Price to Book ratio for the last quarter was 7.72, with the Price to Cash per share for the same quarter was set at 73.21. Price to Free Cash Flow for SHOP in the course of the last twelve months was 159.88 with Quick ratio for the last quarter at 12.20.
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 33.34. With this latest performance, SHOP shares gained by 3.55% in over the last four-week period, additionally sinking by -52.36% over the last 6 months – not to mention a drop of -41.08% 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 49.51, with the RSI for the last a single of trading hit 54.27, and the three-weeks RSI is set at 45.93 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 806.38, while it was recorded at 659.33 for the last single week of trading, and 1,298.12 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 +7.10 and a Gross Margin at +52.86. Shopify Inc.’s Net Margin is presently recorded at +63.20.
Return on Equity for this stock inclined to 33.25, with Return on Assets sitting at 27.62.
Shopify Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.20 and a Current Ratio set at 12.20.
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 18.07%.
Shopify Inc. [SHOP]: Insider Ownership positions
There are presently around $53,983 million, or 71.90% of SHOP stock, in the hands of institutional investors. The top three institutional holders of SHOP stocks are: MORGAN STANLEY with ownership of 5,884,426, which is approximately -2.491% of the company’s market cap and around 0.28% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 5,450,723 shares of the stock with an approximate value of $3.73 billion in SHOP stocks shares; and JENNISON ASSOCIATES LLC, currently with $3.21 billion in SHOP stock with ownership of nearly 1.406% of the company’s market capitalization.
Positions in Shopify Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 749 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 6,228,138 shares. Additionally, 472 investors decreased positions by around 3,599,488 shares, while 213 investors held positions by with 69,158,565 shares. The mentioned changes placed institutional holdings at 78,986,191 shares, according to the latest SEC report filing. SHOP stock had 221 new institutional investments in for a total of 860,657 shares, while 101 institutional investors sold positions of 282,950 shares during the same period.