In Friday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $128.35, up 0.55% from the previous session.
SHOP stock price is now 14.10% away from the 50-day moving average and 53.89% away from the 200-day moving average. The market capitalization of the company currently stands at $165.85B.
With the price target maintained at $150, The Benchmark Company recently Upgraded its rating from Hold to Buy for Shopify Inc (NYSE: SHOP). On January 10, 2025, New Street recently initiated its ‘Neutral’ rating on the stock quoting a target price of $115, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Tobyn Shannan, Director bought 50,000 shares of the company’s stock on Feb 13 ’25. The stock was bought for $6,179,500 at an average price of $123.59. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Officer KASRA NEJATIAN bought 50,000 shares of the business’s stock. A total of $6,040,485 was incurred on buying the stock at an average price of $120.81. A total of 6.45% 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 $128.00. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 3.68, and a quick ratio of 3.67. According to the stock market information, the enterprise value for the company is $161802240000, which is based on a 82.57 price-to-earnings ratio, a 3.18 price-to-earnings-growth ratio, and a beta of 2.60. The fifty day moving average price for SHOP is $112.4854 and a two-hundred day moving average price translates $83.40325 for the stock.
The latest earnings results from Shopify Inc (NYSE: SHOP) was released for 2024-12-31. The net profit margin was 22.74% and return on equity was 19.58% for SHOP. The company reported revenue of $2.81 billion for the quarter, compared to $2.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.16 percent.
