Stocks of Shopify Inc (NYSE:SHOP) traded higher last session on Wall Street, up 4.20% to $119.20.
SHOP stock price is now 7.81% away from the 50-day moving average and 46.50% away from the 200-day moving average. The market capitalization of the company currently stands at $154.02B.
With the price target of $115, New Street recently initiated with Neutral rating for Shopify Inc (NYSE: SHOP). On January 06, 2025, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $115 to quote $125, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Jan 15 ’25. The stock was bought for $50,805 at an average price of $101.61. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Officer Harley Finkelstein bought 11,974 shares of the business’s stock. A total of $1,372,551 was incurred on buying the stock at an average price of $114.63. A total of 6.43% 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 $122.00. 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. The fifty day moving average price for SHOP is $110.2708 and a two-hundred day moving average price translates $81.1176 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. For the current quarter, analysts expect SHOP to generate $2.73B in revenue.
