In the last trading session, 10.44 million shares of the Shopify Inc (NASDAQ:SHOP) were traded, and its beta was 2.67. Most recently the company’s share price was $82.77, and it changed around -$0.94 or -1.12% from the last close, which brings the market valuation of the company to $107.17B. SHOP currently trades at a discount to its 52-week high of $129.38, offering almost -56.31% off that amount. The share price’s 52-week low was $48.56, which indicates that the current value has risen by an impressive 41.33% since then. We note from Shopify Inc’s average daily trading volume that its 10-day average is 18.96 million shares, with the 3-month average coming to 10.67 million.
Shopify Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.91. If we narrow it down even further, the data shows that 1 out of 52 analysts rate the stock as a Sell; another 12 rate it as Overweight. Among the rest, 15 recommended SHOP as a Hold, whereas 23 deemed it a Buy, and 1 rated it as Underweight. Shopify Inc is expected to report earnings per share of 0.26 for the current quarter.
Shopify Inc (NASDAQ:SHOP) trade information
Instantly SHOP has showed a red trend with a performance of -1.12% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 94.14 on recent trading dayincreased the stock’s daily price by 12.08%. The company’s shares are currently down -22.16% year-to-date, but still up 5.01% over the last five days. On the other hand, Shopify Inc (NASDAQ:SHOP) is -12.74% down in the 30-day period. We can see from the shorts that 16.27 million shares have been sold at a short interest cover period of 1.6 day(s).
The consensus price target as assigned by Wall Street analysts is $110, which translates to bulls needing to increase their stock price by 24.75% from its current value. Analyst projections state that SHOP is forecast to be at a low of $80 and a high of $130.
Shopify Inc (SHOP) estimates and forecasts
The year-over-year growth rate is expected to be 22.94%, up from the previous year.
Consensus estimates provided by 38 financial analysts predict the company will bring in an average of 2.33B in revenue for the current quarter. 36 analysts expect Shopify Inc to make 2.53B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.86B and 2.04B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.35%. Forecasts for the next quarter put sales growth at 23.85%.
Shopify Inc earnings are expected to increase by 19.14% in 2025, but the outlook is positive 28.11% per year for the next five years.
SHOP Dividends
Shopify Inc’s next quarterly earnings report is expected to be released on 2025-Feb-10.
Shopify Inc (NASDAQ:SHOP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.18% of Shopify Inc shares, and 72.02% of them are in the hands of institutional investors. The stock currently has a share float of 72.15%. Shopify Inc stock is held by 1978.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-06-30, it held 4.2854% of the shares, which is about 55.24 million shares worth $3.65 billion.
CAPITAL WORLD INVESTORS, with 3.7788% or 48.71 million shares worth $3.22 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
