Shopify Inc [SHOP] stock prices are up 3.06% to $119.49 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SHOP shares have gain 5.32% over the last week, with a monthly amount glided 10.14%, 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 December 06, 2024, when Loop Capital upgraded its rating to a Buy and also boosted its price target to $140 from $110. Previously, DZ Bank downgraded its rating to Sell on November 21, 2024. On September 17, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $99 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $70 on September 05, 2024. DZ Bank downgraded its rating to a Sell. In a note dated July 16, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $78 to $82.
The stock price of Shopify Inc [SHOP] has been fluctuating between $48.56 and $120.72 over the past year. Currently, Wall Street analysts expect the stock to reach $98.43 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $119.49 at the most recent close of the market. An investor can expect a potential drop of -17.62% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 116.34 points at the first support level, and at 113.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.24, and for the 2nd resistance point, it is at 123.00.
Ratios To Look Out For
It’s worth pointing out that Shopify Inc [NYSE:SHOP]’s Current Ratio is 7.10. On the other hand, the Quick Ratio is 7.10, and the Cash Ratio is 1.64. Considering the valuation of this stock, the price to sales ratio is 18.80, the price to book ratio is 15.25 and price to earnings (TTM) ratio is 112.43.
Transactions by insiders
Recent insider trading involved FIDJI SIMO, Director, that happened on Dec 16 ’24 when 500.0 shares were purchased. Officer, JESSICA HERTZ completed a deal on Dec 12 ’24 to buy 4963.0 shares. Meanwhile, Officer JEFF HOFFMEISTER bought 24000.0 shares on Dec 10 ’24.
