In today’s recent session, 2.44 million shares of the Shopify Inc (NYSE:SHOP) have been traded, and its beta is 2.29. Most recently the company’s share price was $64.71, and it changed around -$0.07 or -0.11% from the last close, which brings the market valuation of the company to $83.39B. SHOP at last check was trading at a discount to its 52-week high of $91.57, offering almost -41.51% off that amount. The share price’s 52-week low was $45.50, which indicates that the recent value has risen by an impressive 29.69% since then. We note from Shopify Inc’s average daily trading volume that its 3-month average coming to 10.69 million.
Shopify Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 10 recommended SHOP as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Shopify Inc is expected to report earnings per share of 0.2 for the current quarter.
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Shopify Inc (NYSE:SHOP) trade information
Instantly SHOP has been showing red trend so far today with a performance of -0.11% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -16.93% year-to-date, but still up 0.72% over the last five days. On the other hand, Shopify Inc (NYSE:SHOP) is 13.59% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $85.33, which translates to bulls needing to increase their stock price by 24.17% from its current value. Analyst projections state that SHOP is forecast to be at a low of $30 and a high of $200.
Shopify Inc (SHOP) estimates and forecasts
Shopify Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -15.78 percent over the past six months and at a 33.78% annual growth rate that is well above the industry average of 21.30%. The year-over-year growth rate is expected to be 21.00%, up from the previous year.
Consensus estimates provided by 37 financial analysts predict the company will bring in an average of 2.01B in revenue for the current quarter. 36 analysts expect Shopify Inc to make 2.07B in revenue for the current ending quarter.
Shopify Inc earnings are expected to increase by 34.28% in 2024, but the outlook is positive 51.57% per year for the next five years.
SHOP Dividends
Shopify Inc’s next quarterly earnings report is expected to be released in July.
