In yesterday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $57.02, down -3.21% from the previous session.
SHOP stock price is now -20.62% away from the 50-day moving average and -16.50% away from the 200-day moving average. The market capitalization of the company currently stands at $73.40B.
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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 6.51% 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 fifty day moving average price for SHOP is $71.4684 and a two-hundred day moving average price translates $68.28455 for the stock.
The latest earnings results from Shopify Inc (NYSE: SHOP) was released for 2024-03-31. According to the Software – Application Company, earnings per share came in at 0.14, beating analysts’ expectations of 0.05 by 0.09. This compares to $0.05 EPS in the same period last year. 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. For the current quarter, analysts expect SHOP to generate $2.01B in revenue.
