In yesterday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $112.08, up 0.97% from the previous session.
SHOP stock price is now 28.81% away from the 50-day moving average and 52.32% away from the 200-day moving average. The market capitalization of the company currently stands at $144.78B.
On September 17, 2024, Redburn Atlantic Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $99, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Nov 15 ’24. The stock was bought for $54,540 at an average price of $109.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Director Colleen Johnston bought 2,000 shares of the business’s stock. A total of $217,840 was incurred on buying the stock at an average price of $108.92. A total of 6.41% of the company’s stock is owned by insiders.
During the past 12 months, Shopify Inc has had a low of $48.56 and a high of $115.62. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 7.10, and a quick ratio of 7.10. According to the stock market information, the enterprise value for the company is $141064372224, which is based on a 105.46 price-to-earnings ratio, a 2.48 price-to-earnings-growth ratio, and a beta of 2.43. The fifty day moving average price for SHOP is $86.257 and a two-hundred day moving average price translates $73.46655 for the stock.
The latest earnings results from Shopify Inc (NYSE: SHOP) was released for 2024-09-30. The net profit margin was 16.85% and return on equity was 15.04% for SHOP. The company reported revenue of $2.16 billion for the quarter, compared to $1.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.14 percent.
