At the time of writing, Shopify Inc [SHOP] stock is trading at $82.58, up 2.13%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SHOP shares have gain 5.26% over the last week, with a monthly amount glided 21.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Shopify Inc [NYSE: SHOP] stock has seen the most recent analyst activity on September 17, 2024, when Redburn Atlantic upgraded its rating to a Buy but kept the price target unchanged to $99 for it. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $70. On August 09, 2024, downgrade downgraded it’s rating to Sell. BofA Securities upgraded its rating to a Buy and raised its price target to $82 on July 16, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 16, 2024, and assigned it a price target of $80. In a note dated June 26, 2024, Citigroup reiterated an Buy rating on this stock and boosted its target price from $95 to $96.
For the past year, the stock price of Shopify Inc fluctuated between $45.50 and $91.57. Currently, Wall Street analysts expect the stock to reach $86.12 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $82.58 at the most recent close of the market. An investor can expect a potential return of 4.29% based on the average SHOP price forecast.
Analyzing the SHOP fundamentals
According to Shopify Inc [NYSE:SHOP], the company’s sales were 7.76B for trailing twelve months, which represents an 20.72% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.07 points at the first support level, and at 79.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.61, and for the 2nd resistance point, it is at 84.65.
Ratios To Look Out For
It is important to note that Shopify Inc [NYSE:SHOP] has a current ratio of 7.32. Further, the Quick Ratio stands at 7.32, while the Cash Ratio is 1.76. Considering the valuation of this stock, the price to sales ratio is 13.72, the price to book ratio is 11.61 and price to earnings (TTM) ratio is 84.20.
Transactions by insiders
Recent insider trading involved Robert Ashe, director, that happened on Sep 26 ’24 when 80000.0 shares were purchased. Officer, Harley Finkelstein completed a deal on Sep 23 ’24 to buy 10500.0 shares. Meanwhile, Officer Jeff Hoffmeister bought 10000.0 shares on Sep 23 ’24.
