In yesterday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $58.78, down -0.27% from the previous session.
SHOP stock price is now -20.39% away from the 50-day moving average and -14.15% away from the 200-day moving average. The market capitalization of the company currently stands at $75.66B.
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With the price target maintained at $63, Piper Sandler recently Upgraded its rating from Underweight to Neutral for Shopify Inc (NYSE: SHOP). On May 09, 2024, JMP Securities Upgraded its previous ‘Mkt Perform’ rating to ‘Mkt Outperform’ on the stock keeping its target price maintained at $80, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
A total of 6.49% of the company’s stock is owned by insiders.
During the past 12 months, Shopify Inc has had a low of $45.50 and a high of $91.57. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 7.14, and a quick ratio of 7.14.
The net profit margin was -2.81% and return on equity was -2.40% for SHOP. The company reported revenue of $1.86 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.41 percent.
Shopify Inc(SHOP) Company Profile
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
