In yesterday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $81.85, down -0.10% from the previous session.
SHOP stock price is now 8.38% away from the 50-day moving average and 13.71% away from the 200-day moving average. The market capitalization of the company currently stands at $105.62B.
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With the price target maintained at $99, Redburn Atlantic recently Upgraded its rating from Neutral to Buy for Shopify Inc (NYSE: SHOP). On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $70, while ‘DZ Bank’ rates the stock as ‘Sell’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Oct 15 ’24. The stock was bought for $41,840 at an average price of $83.68. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26 ’24, director Robert Ashe bought 80,000 shares of the business’s stock. A total of $6,297,600 was incurred on buying the stock at an average price of $78.72. 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 $101708324864, which is based on a 83.45 price-to-earnings ratio, a 1.94 price-to-earnings-growth ratio, and a beta of 2.36. The fifty day moving average price for SHOP is $74.9656 and a two-hundred day moving average price translates $71.96295 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.
