Shopify Inc (NYSE: SHOP) is 10.46% higher on its value in year-to-date trading and has touched a low of $48.56 and a high of $120.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHOP stock was last observed hovering at around $107.38 in the last trading session, with the day’s gains setting it 10.07%.
Currently trading at $117.45, the stock is 9.97% and 7.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.77 million and changing 9.38% at the moment leaves the stock 46.49% off its SMA200. SHOP registered 45.92% gain for a year compared to 6-month gain of 95.95%. The firm has a 50-day simple moving average (SMA 50) of $109.5318 and a 200-day simple moving average (SMA200) of $79.94965.
The stock witnessed a 6.60% loss in the last 1 month and extending the period to 3 months gives it a 47.14%, and is 10.51% 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 4.05% over the week and 3.28% over the month.
Shopify Inc (SHOP) has around 8300 employees, a market worth around $151.76B and $8.21B in sales. Current P/E ratio is 110.51 and Fwd P/E is 76.00. Profit margin for the company is 16.85%. Distance from 52-week low is 141.87% and -2.71% from its 52-week high. The company has generated returns on investments over the last 12 months (12.31%).
The EPS is expected to grow by 75.25% this year.
Shopify Inc (SHOP) Top Institutional Holders
1807.0 institutions hold shares in Shopify Inc (SHOP), with institutional investors hold 72.10% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.21B with Short Float at 1.40%. Institutions hold 71.97% of the Float.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 55.24 million shares valued at $3.65 billion. The investor’s holdings represent 4.2905% of the SHOP Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 48.71 million shares valued at $3.22 billion to account for 3.7833 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 48.54 million shares representing 3.7703% and valued at over $3.21 billion, while VANGUARD GROUP INC holds 3.5374 of the shares totaling 45.54 million with a market value of $3.01 billion.
Shopify Inc (SHOP) Insider Activity
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Still, SEC filings show that on Dec 23 ’24, Jeff Hoffmeister (Officer) Proposed Sale 9,786 shares at an average price of $114.63 for $1.12 million. The insider now directly holds shares of Shopify Inc (SHOP).
