The price of Shopify Inc (NYSE:SHOP) shares last traded on Wall Street rose 4.91% to $71.52.
SHOP stock price is now 6.92% away from the 50-day moving average and 0.13% away from the 200-day moving average. The market capitalization of the company currently stands at $92.29B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $70, Cantor Fitzgerald recently initiated with Neutral rating for Shopify Inc (NYSE: SHOP). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Aug 23 ’24. The stock was bought for $37,150 at an average price of $74.30. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer KASRA NEJATIAN bought 48,387 shares of the business’s stock. A total of $3,137,558 was incurred on buying the stock at an average price of $64.84. A total of 6.45% 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 0.12, a current ratio of 7.32, and a quick ratio of 7.32. According to the stock market information, the enterprise value for the company is $88404443136, which is based on a 72.92 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 2.36. The fifty day moving average price for SHOP is $67.0276 and a two-hundred day moving average price translates $71.42665 for the stock.
The latest earnings results from Shopify Inc (NYSE: SHOP) was released for 2024-06-30. The net profit margin was 16.41% and return on equity was 15.32% for SHOP. The company reported revenue of $2.04 billion for the quarter, compared to $1.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.72 percent.
