Shopify Inc [NYSE: SHOP] stock went on a downward path that fall over -3.79% on Tuesday, amounting to a one-week price decrease of less than -4.92%.
Over the last 12 months, SHOP stock rose by 7.17%. The one-year Shopify Inc stock forecast points to a potential upside of 8.61. The average equity rating for SHOP stock is currently 1.92, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $91.95 billion, with 1.21 billion shares outstanding and 1.21 billion shares in the current float. Compared to the average trading volume of 9.57M shares, SHOP stock reached a trading volume of 5765195 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $77.97 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 1.92. 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.
DZ Bank have made an estimate for Shopify Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on July 25, 2024, representing the official price target for Shopify Inc stock. Previously, the target price had yet another raise from $78 to $82, while BofA Securities kept a Buy rating on SHOP stock.
The Average True Range (ATR) for Shopify Inc is set at 2.52, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 11.84. The Price to Book ratio for the last quarter was 10.02, with the Price to Cash per share for the same quarter was set at 3.89. Price to Free Cash Flow for SHOP in the course of the last twelve months was 72.17 with Quick ratio for the last quarter at 7.32.
SHOP Stock Performance Analysis:
Shopify Inc [SHOP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.92. With this latest performance, SHOP shares gained by 30.92% in over the last four-week period, additionally sinking by -5.95% over the last 6 months – not to mention a rise of 7.17% 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 52.66, with the RSI for the last a single of trading hit 47.69, and the three-weeks RSI is set at 53.97 for Shopify Inc [SHOP]. The present Moving Average for the last 50 days of trading for this stock 66.56, while it was recorded at 73.13 for the last single week of trading, and 71.42 for the last 200 days.
Insight into Shopify Inc Fundamentals:
Shopify Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.32 and a Current Ratio set at 7.32.
SHOP Stock EPS
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 37.93%.
Shopify Inc [SHOP] Institutonal Ownership Details
There are presently around $70.08%, or 70.21%% of SHOP stock, in the hands of institutional investors. The top three institutional holders of SHOP stocks are: BAILLIE GIFFORD & CO with ownership of 55.24 million shares, which is approximately 4.2905%. CAPITAL WORLD INVESTORS, holding 48.71 million shares of the stock with an approximate value of $$3.22 billion in SHOP stocks shares; and CAPITAL WORLD INVESTORS, currently with $$3.21 billion in SHOP stock with ownership which is approximately 3.7703%.
