In last trading session, Shopify Inc (NYSE:SHOP) saw 18.26 million shares changing hands with its beta currently measuring 2.24. Company’s recent per share price level of $58.70 trading at $1.68 or 2.95% at ring of the bell on the day assigns it a market valuation of $75.56B. That closing price of SHOP’s stock is at a discount of -56.0% from its 52-week high price of $91.57 and is indicating a premium of 22.49% from its 52-week low price of $45.50. Taking a look at company’s average trading volume volume of 9.52 million if we extend that period to 3-months.
Shopify Inc (NYSE:SHOP) trade information
Upright in the green during last session for gaining 2.95%, in the last five days SHOP remained trading in the red while hitting it’s week-highest on Wednesday, 05/22/24 when the stock touched $58.70 price level, adding 2.35% to its value on the day. Shopify Inc’s shares saw a change of -24.65% in year-to-date performance and have moved -0.12% in past 5-day. Shopify Inc (NYSE:SHOP) showed a performance of -20.69% in past 30-days.
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Shopify Inc (SHOP) estimates and forecasts
Statistics highlight that Shopify Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.55% of value to its shares in past 6 months, showing an annual growth rate of 29.73% while that of industry is 20.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 34.92% while estimates for its earnings growth in next 5 years are of 51.57%.
SHOP Dividends
Shopify Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
