In today’s recent session, 2.22 million shares of the Shopify Inc (NASDAQ:SHOP) have been traded, and its beta is 2.63. Most recently the company’s share price was $109.30, and it changed around $3.96 or 3.76% from the last close, which brings the market valuation of the company to $141.80B. SHOP at last check was trading at a discount to its 52-week high of $129.38, offering almost -18.37% off that amount. The share price’s 52-week low was $48.56, which indicates that the recent value has risen by an impressive 55.57% since then.
Shopify Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.83. If we narrow it down even further, the data shows that 0 out of 50 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 14 recommended SHOP as a Hold, whereas 24 deemed it a Buy, and 1 rated it as Underweight.
Shopify Inc (NASDAQ:SHOP) trade information
Instantly SHOP has been showing a green trend so far today with a performance of 3.76% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 117.36 on recent trading dayincreased the stock’s daily price by 6.87%. The company’s shares are currently up 2.79% year-to-date, but still up 1.39% over the last five days. On the other hand, Shopify Inc (NASDAQ:SHOP) is -0.83% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $110, which translates to bulls needing to increase their stock price by 0.64% from its current value. Analyst projections state that SHOP is forecast to be at a low of $100 and a high of $120.
Shopify Inc earnings are expected to increase by 10.64% in 2025, but the outlook is positive 24.58% per year for the next five years.
SHOP Dividends
Shopify Inc’s next quarterly earnings report is expected to be released in July.
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.
