Shopify Inc (NYSE:SHOP)’s traded shares stood at 1.69 million during the latest session, with the company’s beta value hitting 2.60. At the last check today, the stock’s price was $112.22, to imply a decrease of -0.89% or -$1.01 in intraday trading. The SHOP share’s 52-week high remains $129.38, putting it -15.29% down since that peak but still an impressive 56.73% since price per share fell to its 52-week low of $48.56.
Analysts have given a consensus recommendation of Buy for Shopify Inc (SHOP), translating to a mean rating of 1.96. 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.26.
Shopify Inc (NYSE:SHOP) trade information
After registering a -0.89% 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 -9.11%, and -4.45% over 30 days. With these gigs, the year-to-date price performance is 5.54%.
The extremes give us $80 and $130 for target low and target high price respectively. As such, SHOP has been trading -15.84% off suggested target high and 28.71% from its likely low.
Shopify Inc (SHOP) estimates and forecasts
The rating firms project that company’s revenue will grow 23.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 38 analysts is 2.33B. Meanwhile, for the current quarter, a total of 36 analyst(s) estimate revenue growth to 2.54B.Earnings reports from the last fiscal year show that sales brought in 1.86B and 2.04B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.33% before jumping 24.02% in the following quarter.
SHOP Dividends
Shopify Inc has its next earnings report out in March. 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.
The next major institution holding the largest number of shares is CAPITAL WORLD INVESTORS with 48.71 million shares, or about 3.7788% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.22 billion.
We also have Growth Fund of America Inc and Europacific Growth Fund as the top two Mutual Funds with the largest holdings of the Shopify Inc (SHOP) shares. Going by data provided on Dec 31, 2024 , Growth Fund of America Inc holds roughly 30.28 shares. This is just over 2.49% of the total shares, with a market valuation of $3.42 billion. Data from the same date shows that the other fund manager holds a little less at 17.44, or 1.43% of the shares, all valued at about 1.97 billion.
