Shopify Inc (NYSE: SHOP) is -3.52% lower on its value in year-to-date trading and has touched a low of $45.50 and a high of $91.57 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 $74.55 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $75.16, the stock is 18.90% and 16.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.19 million and changing 0.82% at the moment leaves the stock 6.47% off its SMA200. SHOP registered 41.23% gain for a year compared to 6-month loss of -7.54%.
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The stock witnessed a 19.00% gain in the last 1 month and extending the period to 3 months gives it a 28.41%, and is 10.03% up 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 2.12% over the week and 4.14% over the month.
Shopify Inc (SHOP) has around 8300 employees, a market worth around $96.86B and $7.76B in sales. Current P/E ratio is 76.63 and Fwd P/E is 55.29. Profit margin for the company is 16.41%. Distance from 52-week low is 65.19% and -17.92% from its 52-week high. The company has generated returns on investments over the last 12 months (12.38%).
The EPS is expected to grow by 51.64% this year.
Shopify Inc (SHOP) Top Institutional Holders
1678.0 institutions hold shares in Shopify Inc (SHOP), with institutional investors hold 70.52% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.20B with Short Float at 1.57%. Institutions hold 70.39% of the Float.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 61.39 million shares valued at $$4.74 billion. The investor’s holdings represent 4.7754 of the SHOP Shares outstanding. As of 2024-03-31, the second largest holder is MORGAN STANLEY with 51.09 million shares valued at $$3.94 billion to account for 3.9741 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 49.76 million shares representing 3.8712 and valued at over $$3.84 billion, while VANGUARD GROUP INC holds 3.3358 of the shares totaling 42.88 million with a market value of $$3.31 billion.
