Shopify Inc [SHOP] stock is trading at $89.99, up 3.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SHOP shares have gain 14.72% over the last week, with a monthly amount glided 8.11%, 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.
Shopify Inc [SHOP] stock has fluctuated between $48.56 and $91.57 over the past year. Currently, Wall Street analysts expect the stock to reach $86.86 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $89.99 at the most recent close of the market. An investor can expect a potential drop of -3.48% based on the average SHOP price forecast.
Analyzing the SHOP fundamentals
Shopify Inc [NYSE:SHOP] reported sales of 7.76B for the trailing twelve months, which represents a growth of 20.72%. 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 88.41 points at the first support level, and at 86.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.86, and for the 2nd resistance point, it is at 93.74.
Ratios To Look Out For
For context, Shopify Inc’s Current Ratio is 7.32. As well, the Quick Ratio is 7.32, while the Cash Ratio is 1.76. Considering the valuation of this stock, the price to sales ratio is 21.22, the price to book ratio is 12.65 and price to earnings (TTM) ratio is 91.75.
Transactions by insiders
Recent insider trading involved FIDJI SIMO, Director, that happened on Oct 15 ’24 when 500.0 shares were purchased. director, Robert Ashe completed a deal on Sep 26 ’24 to buy 80000.0 shares. Meanwhile, Officer Harley Finkelstein bought 10500.0 shares on Sep 23 ’24.
