Shopify Inc (NASDAQ:SHOP) has a beta value of 2.62 and has seen 2.07 million shares traded in the recent trading session. The company, currently valued at $147.51B, closed the recent trade at $113.69 per share which meant it gained $3.71 on the day or 3.38%% during that session. The SHOP stock price is -13.8% off its 52-week high price of $129.38 and 57.29% above the 52-week low of $48.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.23 million shares traded. The 3-month trading volume is 13.05 million shares.
The consensus among analysts is that Shopify Inc (SHOP) is Buy stock at the moment, with a recommendation rating of 1.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 34 have rated it as a Hold, with 21 advising it as a Buy. 0 have rated the stock as Underweight.
Shopify Inc (NASDAQ:SHOP) trade information
Sporting 3.38%% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SHOP stock price touched $113.69 or saw a fall of -0.04%. Year-to-date, Shopify Inc shares have moved 77.98%, while the 5-day performance has seen it change 4.91%. Over the past 30 days, the shares of Shopify Inc (NASDAQ:SHOP) have changed 10.07%. Short interest in the company has seen 27.2 million shares shorted with days to cover at 1.64.
Wall Street analysts have a consensus price target for the stock at $110, which means that the shares’ value could drop -3.35% from the levels at last check today.. The projected low price target is $100.0 while the price target rests at a high of $120.0. In that case, then, we find that the latest price level in today’s session is -5.55% off the targeted high while a plunge would see the stock lose 12.04% from the levels at last check today..
Shopify Inc (SHOP) estimates and forecasts
The company’s shares have gained 3.64% over the past 6 months.
Earnings growth for 2025 is a modest 10.63% while over the next 5 years, the company’s earnings are expected to increase by 24.58%.
SHOP Dividends
Shopify Inc is expected to release its next earnings report on 2025-May-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Shopify Inc (NASDAQ:SHOP)’s Major holders
Insiders own 0.19% of the company shares, while shares held by institutions stand at 74.81% with a share float percentage of 74.95%. Investors are also buoyed by the number of investors in a company, with Shopify Inc having a total of 2038.0 institutions that hold shares in the company. The top two institutional holders are BAILLIE GIFFORD & CO with over 55.24 million shares worth more than $3.65 billion. As of 2024-06-30, BAILLIE GIFFORD & CO held 4.2854% of shares outstanding.
The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 48.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.22 billion and represent 3.7788% of shares outstanding.
