In yesterday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $107.64, up 0.81% from the previous session.
SHOP stock price is now 3.01% away from the 50-day moving average and 37.28% away from the 200-day moving average. The market capitalization of the company currently stands at $139.08B.
With the price target enhanced from $115 to $125, Wedbush Upgraded its rating from Neutral to Outperform for Shopify Inc (NYSE: SHOP). On December 06, 2024, Loop Capital Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $110 to quote $140, while ‘DZ Bank’ rates the stock as ‘Sell’
In other news, Harley Finkelstein, Officer bought 11,974 shares of the company’s stock on Dec 23 ’24. The stock was bought for $1,372,551 at an average price of $114.63. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Officer Jeff Hoffmeister bought 9,786 shares of the business’s stock. A total of $1,121,781 was incurred on buying the stock at an average price of $114.63. A total of 6.42% 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 $120.72. 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 $135327457280, which is based on a 101.28 price-to-earnings ratio, a 2.82 price-to-earnings-growth ratio, and a beta of 2.47. The fifty day moving average price for SHOP is $103.9216 and a two-hundred day moving average price translates $78.26555 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.
