Shopify Inc (NYSE:SHOP) currently has a daily average trading volume of 7.36M but it saw 5254932 shares traded in last market. With a market cap of 147.42B USD, the company’s current market price of $114.09 came rising about 0.58 while comparing to the previous closing price of $113.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $116.35 and as low as $48.56. In the recent trading on the day, stock has struck highest price mark of $112.94 while lowest mark touched by it was $115.46.
Taking a look at 20-day trading activity of Shopify Inc (SHOP) gives us an average price of $106.78, while its current price level is -1.94% below from 52-week high level whereas it is 134.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $91.17 while that of 200 days or SMA-200 reads an average of $74.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.12% during that period while stretching the period over a month that increases to 3.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.74 which implies that the stock is in overbought territory.
Redburn Atlantic upgraded its recommendation for the stock as a “Buy” from “Neutral” on September 17, 2024 while assigning a price target of $99. Cantor Fitzgerald issued its recommendations for the stock as it initiated the price target for the stock is $70.
Over the week, SHOP’s stock price is moving 1.38% up while it is 43.38% when we observe its performance for the past one month. Year-to-date it is 46.46% up and over the past year, the stock is showing an upside performance of 52.69%.
Currently, Shopify Inc’s total number of outstanding shares is 1.21B. Company’s return on investment (ROI) stands at 12.31% and return on equity (ROE) at 15.04%. It has a price to earnings ratio (P/E ratio) of 107.35 while having a 76.10 of forward P/E ratio. Stock’s beta reads 2.45. Stock has a price to book (P/B) ratio of 14.57 while price to sale or P/S ratio amounts to 17.95. Its return on asset (ROA) is 12.14% on average.
