Shopify Inc (NYSE:SHOP) has a beta value of 2.36 and has seen 0.98 million shares traded in the recent trading session. The company, currently valued at $106.15B, closed the recent trade at $82.26 per share which meant it lost -$1.42 on the day or -1.70% during that session. The SHOP stock price is -11.32% off its 52-week high price of $91.57 and 44.69% above the 52-week low of $45.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.86 million shares traded. The 3-month trading volume is 7.99 million shares.
The consensus among analysts is that Shopify Inc (SHOP) is Buy stock at the moment, with a recommendation rating of 1.85. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 34 have rated it as a Hold, with 21 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.37.
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Shopify Inc (NYSE:SHOP) trade information
Sporting -1.70% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SHOP stock price touched $82.26 or saw a rise of 2.5%. Year-to-date, Shopify Inc shares have moved 5.60%, while the 5-day performance has seen it change -0.39%. Over the past 30 days, the shares of Shopify Inc (NYSE:SHOP) have changed 11.80%. Short interest in the company has seen 20.94 million shares shorted with days to cover at 3.69.
Wall Street analysts have a consensus price target for the stock at $80, which means that the shares’ value could drop -2.83% from the levels at last check today. The projected low price target is $30.0 while the price target rests at a high of $200.0. In that case, then, we find that the latest price level in today’s session is -143.13% off the targeted high while a plunge would see the stock lose 63.53% from the levels at last check today.
Shopify Inc (SHOP) estimates and forecasts
Figures show that Shopify Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 19.74% over the past 6 months, with this year growth rate of 51.35%, compared to 4.80% for the industry. Revenue growth from the last financial year stood is estimated to be 23.60%.
28 analysts offering their estimates for the company have set an average revenue estimate of 2.91B for the current quarter. 27 have an estimated revenue figure of 3.62B for the next ending quarter.
Earnings growth for 2024 is a modest 53.85% while over the next 5 years, the company’s earnings are expected to increase by 43.00%.
SHOP Dividends
Shopify Inc is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Shopify Inc (NYSE:SHOP)’s Major holders
Insiders own 0.18% of the company shares, while shares held by institutions stand at 70.43% with a share float percentage of 70.56%. Investors are also buoyed by the number of investors in a company, with Shopify Inc having a total of 1677.0 institutions that hold shares in the company. The top two institutional holders are BAILLIE GIFFORD & CO with over 55.24 million shares worth more than $3.65 billion. As of 2024-06-30, BAILLIE GIFFORD & CO held 4.2905% of shares outstanding.
The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 48.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.22 billion and represent 3.7833% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Europacific Growth Fund. As of Jun 30, 2024, the former fund manager holds about 2.32% shares in the company for having 28.08 shares of worth $2.28 billion while later fund manager owns 23.18 shares of worth $1.88 billion as of Jun 30, 2024, which makes it owner of about 1.91% of company’s outstanding stock.
