At the time of writing, Shopify Inc [SHOP] stock is trading at $108.49, down -0.54%. 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 24.53% over the last week, with a monthly amount glided 32.90%, 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 $48.56 and $115.62. Currently, Wall Street analysts expect the stock to reach $91.91 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $108.49 at the most recent close of the market. An investor can expect a potential drop of -15.28% based on the average SHOP price forecast.
Analyzing the SHOP fundamentals
According to Shopify Inc [NYSE:SHOP], the company’s sales were 8.21B for trailing twelve months, which represents an 26.14% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.08%, 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 0.06. 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 106.23 points at the first support level, and at 103.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.77, and for the 2nd resistance point, it is at 111.05.
Ratios To Look Out For
It is important to note that Shopify Inc [NYSE:SHOP] has a current ratio of 7.10. Further, the Quick Ratio stands at 7.10, while the Cash Ratio is 1.76. Considering the valuation of this stock, the price to sales ratio is 23.92, the price to book ratio is 13.85 and price to earnings (TTM) ratio is 102.08.
Transactions by insiders
Recent insider trading involved FIDJI SIMO, Director, that happened on Nov 15 ’24 when 500.0 shares were purchased. Director, Colleen Johnston completed a deal on Nov 14 ’24 to buy 2000.0 shares. Meanwhile, Officer KASRA NEJATIAN bought 31250.0 shares on Nov 14 ’24.
