Shopify Inc [SHOP] stock prices are up 2.72% to $115.60 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SHOP shares have gain 8.56% over the last week, with a monthly amount glided 44.48%, 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 November 21, 2024, when DZ Bank downgraded its rating to a Sell. Previously, Redburn Atlantic upgraded its rating to Buy on September 17, 2024, and kept the price target unchanged to $99. On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $70 on the stock. DZ Bank downgraded its rating to a Sell. BofA Securities upgraded its rating to Buy for this stock on July 16, 2024, and upped its price target to $82. In a note dated July 16, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $80 on this stock.
The stock price of Shopify Inc [SHOP] has been fluctuating between $48.56 and $115.62 over the past year. Currently, Wall Street analysts expect the stock to reach $91.91 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $115.60 at the most recent close of the market. An investor can expect a potential drop of -20.49% based on the average SHOP price forecast.
Analyzing the SHOP fundamentals
The Shopify Inc [NYSE:SHOP] reported sales of 8.21B for trailing twelve months, representing a surge of 26.14%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 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 0.09.
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 113.30 points at the first support level, and at 111.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.12, and for the 2nd resistance point, it is at 118.65.
Ratios To Look Out For
It’s worth pointing out that Shopify Inc [NYSE:SHOP]’s Current Ratio is 7.10. Also, the Quick Ratio is 7.10, while the Cash Ratio stands at 1.64. Considering the valuation of this stock, the price to sales ratio is 18.19, the price to book ratio is 14.76 and price to earnings (TTM) ratio is 108.77.
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.
