Shopify Inc [SHOP] stock prices are down -2.00% to $116.80 at the moment. 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 8.47% over the last week, with a monthly amount glided 9.48%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Shopify Inc [NYSE: SHOP] stock has seen the most recent analyst activity on January 10, 2025, when New Street initiated its Neutral rating and assigned the stock a price target of $115. Previously, Wedbush upgraded its rating to Outperform on January 06, 2025, and elevated its price target to $125. On December 06, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $140 on the stock. DZ Bank downgraded its rating to a Sell. Redburn Atlantic upgraded its rating to a Buy but $99 remained the price target by the analyst firm on September 17, 2024. Cantor Fitzgerald started tracking with a Neutral rating for this stock on September 05, 2024, and assigned it a price target of $70. In a note dated August 09, 2024, DZ Bank downgraded an Sell rating on this stock.
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 $104.14 within the next 12 months. Shopify Inc [NYSE: SHOP] shares were valued at $116.80 at the most recent close of the market. An investor can expect a potential drop of -10.84% 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 0.11.
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 114.89 points at the first support level, and at 112.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.35, and for the 2nd resistance point, it is at 123.91.
Ratios To Look Out For
It’s worth pointing out that Shopify Inc [NYSE:SHOP]’s Current Ratio is 7.10. As well, the Quick Ratio is 7.10, while the Cash Ratio is 1.64. Considering the valuation of this stock, the price to sales ratio is 18.38, the price to book ratio is 14.91 and price to earnings (TTM) ratio is 109.90.
Transactions by insiders
Recent insider trading involved FIDJI SIMO, Director, that happened on Jan 15 ’25 when 500.0 shares were purchased. Officer, Harley Finkelstein completed a deal on Dec 23 ’24 to buy 11974.0 shares. Meanwhile, Officer Jeff Hoffmeister bought 9786.0 shares on Dec 23 ’24.
