Shopify Inc (NYSE:SHOP)’s traded shares stood at 1.05 million during the latest session, with the company’s beta value hitting 2.21. At the last check today, the stock’s price was $78.77, to imply an increase of 0.19% or $0.15 in intraday trading. The SHOP share’s 52-week high remains $91.57, putting it -16.25% down since that peak but still an impressive 44.78% since price per share fell to its 52-week low of $43.50. The company has a valuation of $101.34B, with an average of 6.04 million shares in intraday trading volume over the past 10 days and average of 9.86 million shares over the past 3 months.
Shopify Inc (NYSE:SHOP) trade information
After registering a 0.19% upside in the latest session, Shopify Inc (SHOP) has traded red over the past five days. The stock hit a weekly high of 80.37, jumping 0.19% in its intraday price action. The 5-day price performance for the stock is -1.03%, and 4.25% over 30 days. With these gigs, the year-to-date price performance is 1.12%. Short interest in Shopify Inc (NYSE:SHOP) saw shorts transact 18.13 million shares and set a 2.09 days time to cover.
Shopify Inc (SHOP) estimates and forecasts
Looking at statistics comparing Shopify Inc share performance against respective industry, we note that the company has outperformed competitors. Shopify Inc (SHOP) shares are 51.92% up over the last 6 months, with its year-to-date growth rate higher than industry average at 27.03% against 20.60%. Revenue is forecast to grow 1,600.00% this quarter before jumping 64.30% for the next one. The rating firms project that company’s revenue will grow 21.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 36 analysts is $1.84 billion. Meanwhile, for the quarter ending Jun 2024, a total of 35 analyst(s) estimate revenue growth to $2.02 billion.
SHOP Dividends
Shopify Inc has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Shopify Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Shopify Inc (NYSE:SHOP)’s Major holders
Shopify Inc insiders hold 0.19% of total outstanding shares, with institutional holders owning 70.81% of the shares at 70.94% float percentage. In total, 70.81% institutions holds shares in the company, led by Baillie Gifford and Company. As of Dec 30, 2023, the company held over 64.16 million shares (or 5.31% of shares), all amounting to roughly $5.04 billion.
The next major institution holding the largest number of shares is Morgan Stanley with 52.52 million shares, or about 4.35% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $4.13 billion.
We also have Europacific Growth Fund and Growth Fund Of America Inc as the top two Mutual Funds with the largest holdings of the Shopify Inc (SHOP) shares. Going by data provided on Dec 30, 2023, Europacific Growth Fund holds roughly 22.56 million shares. This is just over 1.87% of the total shares, with a market valuation of $1.77 billion. Data from the same date shows that the other fund manager holds a little less at 22.41 million, or 1.86% of the shares, all valued at about 1.76 billion.
