Shopify Inc (NYSE:SHOP)’s traded shares stood at 4.17 million during the latest session, with the company’s beta value hitting 2.45. At the last check today, the stock’s price was $109.71, to imply a decrease of -4.67% or -$5.38 in intraday trading. The SHOP share’s 52-week high remains $115.62, putting it -5.39% down since that peak but still an impressive 55.74% since price per share fell to its 52-week low of $48.56. The company has a valuation of $198.55B, with an average of 14.29 million shares in intraday trading volume over the past 10 days and average of 6.74 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Shopify Inc (SHOP), translating to a mean rating of 1.94. Of 34 analyst(s) looking at the stock, 0 analyst(s) give SHOP a Sell rating. 0 of those analysts rate the stock as Overweight while 13 advise Hold as 21 recommend it as a Buy.
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Shopify Inc (NYSE:SHOP) trade information
After registering a -4.67% downside in the latest session, Shopify Inc (SHOP) has traded red over the past five days. The 5-day price performance for the stock is 28.24%, and 34.04% over 30 days. With these gigs, the year-to-date price performance is 40.83%. Short interest in Shopify Inc (NYSE:SHOP) saw shorts transact 21.42 million shares and set a 4.62 days time to cover.
The extremes give us $30 and $200 for target low and target high price respectively. As such, SHOP has been trading -82.3% off suggested target high and 72.66% from its likely low.
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 89.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 51.35% against 8.20%.
SHOP Dividends
Shopify Inc has its next earnings report out on 2024-Nov-12. 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 (NYSE:SHOP)’s Major holders
Shopify Inc insiders hold 0.18% of total outstanding shares, with institutional holders owning 73.51% of the shares at 73.64% float percentage. In total, 73.51% institutions holds shares in the company, led by BAILLIE GIFFORD & CO. As of 2024-06-30, the company held over 55.24 million shares (or 4.2905% of shares), all amounting to roughly $3.65 billion.
The next major institution holding the largest number of shares is CAPITAL WORLD INVESTORS with 48.71 million shares, or about 3.7833% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.22 billion.
