Shopify Inc (NASDAQ:SHOP) shares traded -0.37% lower at $83.65 on Wall Street last session.
SHOP stock price is now -18.36% away from the 50-day moving average and -8.21% away from the 200-day moving average. The market capitalization of the company currently stands at $108.31B.
With the price target reduced from $110 to $85, Mizuho maintained Neutral rating for Shopify Inc (NASDAQ: SHOP). On February 10, 2025, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $150, while ‘New Street’ rates the stock as ‘Neutral’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Apr 15 ’25. The stock was bought for $41,385 at an average price of $82.77. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24 ’25, Officer Tobias Lutke bought 1,032,787 shares of the business’s stock. A total of $97,959,847 was incurred on buying the stock at an average price of $94.85. 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 $129.38. 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 $103923752960, which is based on a 53.81 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 2.64. The fifty day moving average price for SHOP is $102.4576 and a two-hundred day moving average price translates $91.12975 for the stock.
The latest earnings results from Shopify Inc (NASDAQ: 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. For the current quarter, analysts expect SHOP to generate $2.33B in revenue.
