Shopify Inc. [SHOP] Revenue clocked in at $4.83 billion, down -71.04% YTD: What’s Next?


Shopify Inc. [NYSE: SHOP] gained 10.33% on the last trading session, reaching $398.87 price per share at the time. The company report on May 5, 2022 that Shopify Reports First-Quarter 2022 Financial Results, Plans to Acquire Ecommerce Fulfillment Technology Provider Deliverr.

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Addition of Deliverr seeks to expand fast and easy fulfillment for independent brands across channels.

Shopify reports in U.S. dollars and in accordance with U.S. GAAP.

Shopify Inc. represents 126.01 million in outstanding shares, while the company has a total market value of $47.90 billion with the latest information. SHOP stock price has been found in the range of $362.01 to $401.00.

If compared to the average trading volume of 4.08M shares, SHOP reached a trading volume of 3985368 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $619.66 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 2.70. 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.

The Benchmark Company have made an estimate for Shopify Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 14, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on April 05, 2022, representing the official price target for Shopify Inc. stock. Previously, the target price had yet another drop from $1500 to $1100, while Wolfe Research kept a Outperform rating on SHOP stock. On February 17, 2022, analysts decreased their price target for SHOP shares from 1270 to 937.

The Average True Range (ATR) for Shopify Inc. is set at 39.21, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 9.92. The Price to Book ratio for the last quarter was 5.13, with the Price to Cash per share for the same quarter was set at 60.35. Price to Free Cash Flow for SHOP in the course of the last twelve months was 188.79 with Quick ratio for the last quarter at 11.80.

Trading performance analysis for SHOP stock

Shopify Inc. [SHOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.74. With this latest performance, SHOP shares dropped by -14.26% in over the last four-week period, additionally sinking by -72.67% over the last 6 months – not to mention a drop of -66.73% 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 49.01, with the RSI for the last a single of trading hit 55.63, and the three-weeks RSI is set at 45.41 for Shopify Inc. [SHOP]. The present Moving Average for the last 50 days of trading for this stock 496.72, while it was recorded at 371.18 for the last single week of trading, and 1,051.10 for the last 200 days.

Shopify Inc. [SHOP]: A deeper dive into fundamental analysis

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 11.80 and a Current Ratio set at 11.80.

An analysis of insider ownership at Shopify Inc. [SHOP]

There are presently around $27,887 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 6,442,015, which is approximately 9.476% of the company’s market cap and around 0.15% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 5,372,962 shares of the stock with an approximate value of $1.94 billion in SHOP stocks shares; and VANGUARD GROUP INC, currently with $1.32 billion in SHOP stock with ownership of nearly 3.28% of the company’s market capitalization.

Positions in Shopify Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 648 institutional holders increased their position in Shopify Inc. [NYSE:SHOP] by around 12,500,313 shares. Additionally, 691 investors decreased positions by around 13,984,479 shares, while 137 investors held positions by with 50,650,335 shares. The mentioned changes placed institutional holdings at 77,135,127 shares, according to the latest SEC report filing. SHOP stock had 142 new institutional investments in for a total of 1,832,335 shares, while 333 institutional investors sold positions of 2,643,356 shares during the same period.