Shopify Inc. (NYSE: SHOP) is -79.26% lower on its value in year-to-date trading and has touched a low of $29.07 and a high of $176.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SHOP stock was last observed hovering at around $30.55 in the last trading session, with the day’s loss setting it -1.98% off its average median price target of $40.00 for the next 12 months. It is also 61.91% off the consensus price target high of $75.00 offered by 43 analysts, but current levels are 1.48% higher than the price target low of $29.00 for the same period.
Currently trading at $28.57, the stock is -11.48% and -18.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.31 million and changing -6.48% at the moment leaves the stock -53.85% off its SMA200. SHOP registered -80.51% loss for a year compared to 6-month loss of -59.39%.
The stock witnessed a -12.01% gain in the last 1 month and extending the period to 3 months gives it a -21.47%, and is -15.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.14% over the week and 5.91% over the month.
Shopify Inc. (SHOP) has around 10000 employees, a market worth around $38.49B and $5.00B in sales. Fwd P/E is 4081.43. Profit margin for the company is -38.00%. Distance from 52-week low is -1.72% and -83.79% from its 52-week high. The company has generated returns on investments over the last 12 months (0.40%).
Shopify Inc. (SHOP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Shopify Inc. (SHOP) is a “Overweight”. 43 analysts offering their recommendations for the stock have an average rating of 2.90, where 22 rate it as a Hold and 4 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Shopify Inc. is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 784.30% this year
Shopify Inc. (SHOP) Top Institutional Holders
The shares outstanding are 1.26B, and float is at 1.17B with Short Float at 4.20%.
Shopify Inc. (SHOP): Who are the competitors?
The company’s main competitors (and peers) include MercadoLibre Inc. (MELI) that is trading -54.77% down over the past 12 months and PC Connection Inc. (CNXN) that is 4.26% higher over the same period.