During the last session, Shopify Inc (NASDAQ:SHOP)’s traded shares were 8.8 million, with the beta value of the company hitting 2.67. At the end of the trading day, the stock’s price was $83.96, reflecting an intraday gain of 0.06% or $0.05. The 52-week high for the SHOP share is $129.38, that puts it down -54.1 from that peak though still a striking 42.16% gain since the share price plummeted to a 52-week low of $48.56. The company’s market capitalization is $108.71B, and the average intraday trading volume over the past 10 days was 18.72 million shares, and the average trade volume was 10.81 million shares over the past three months.
Shopify Inc (SHOP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.91. SHOP has a Sell rating from 0 analyst(s) out of 34 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 21 recommend a Buy rating for it.
Shopify Inc (NASDAQ:SHOP) trade information
Shopify Inc (SHOP) registered a 0.06% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.06% in intraday trading to $83.96, hitting a weekly high. The stock’s 5-day price performance is -8.14%, and it has moved by -10.69% in 30 days. Based on these gigs, the overall price performance for the year is 22.44%. The short interest in Shopify Inc (NASDAQ:SHOP) is 16.27 million shares and it means that shorts have 1.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $110, which implies an increase of 23.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $80 and $130 respectively. As a result, SHOP is trading at a discount of -54.84% off the target high and 4.72% off the low.
While earnings are projected to return 18.85% in 2025, the next five years will return 28.05% per annum.
SHOP Dividends
Shopify Inc is due to release its next quarterly earnings on 2025-Feb-10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Shopify Inc (NASDAQ:SHOP)’s Major holders
Shopify Inc insiders own 0.18% of total outstanding shares while institutional holders control 72.04%, with the float percentage being 72.17%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 1979.0 institutions own stock in it. As of 2024-06-30, the company held over 55.24 million shares (or 4.2854% of all shares), a total value of $3.65 billion in shares.
The next largest institutional holding, with 48.71 million shares, is of CAPITAL WORLD INVESTORS’s that is approximately 3.7788% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.22 billion.
