Shopify Inc [NYSE: SHOP] loss -2.09% on the last trading session, reaching $81.93 price per share at the time.
If compared to the average trading volume of 7.99M shares, SHOP reached a trading volume of 6390276 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $81.27 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 1.85. 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.
Redburn Atlantic have made an estimate for Shopify Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Neutral. The new note on the price target was released on September 05, 2024, representing the official price target for Shopify Inc stock.
The Average True Range (ATR) for Shopify Inc is set at 2.33, with the Price to Sales ratio for SHOP stock in the period of the last 12 months amounting to 13.62. The Price to Book ratio for the last quarter was 11.52, 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 82.97 with Quick ratio for the last quarter at 7.32.
Trading performance analysis for SHOP stock
Shopify Inc [SHOP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.79. With this latest performance, SHOP shares gained by 11.35% in over the last four-week period, additionally plugging by 19.26% over the last 6 months – not to mention a rise of 58.93% 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 59.34, with the RSI for the last a single of trading hit 56.81, and the three-weeks RSI is set at 59.83 for Shopify Inc [SHOP]. The present Moving Average for the last 50 days of trading for this stock 74.97, while it was recorded at 82.99 for the last single week of trading, and 71.96 for the last 200 days.
Shopify Inc [SHOP]: A deeper dive into fundamental analysis
Shopify Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.32 and a Current Ratio set at 7.32.
Shopify Inc [SHOP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Shopify Inc posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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 43.00%.
An analysis of Institutional ownership at Shopify Inc [SHOP]
There are presently around $70.43%, or 70.56%% 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%.
