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Shopify (SHOP)
NYSE:SHOP
Shopify (SHOP) Stock Price & Analysis
17,325 Followers
SHOP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.50 - $91.57
Previous Close$58.53
Volume12.30M
Average Volume (3M)9.51M
Market Cap
$75.27B
Enterprise Value$71.24B
Total Cash (Recent Filing)$5.18B
Total Debt (Recent Filing)$1.15B
Price to Earnings (P/E)-335.0
Beta2.45
Next Earnings
Jul 31, 2024EPS Estimate
$0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.17
Shares Outstanding1,284,258,848
10 Day Avg. Volume19,698,911
30 Day Avg. Volume9,509,822
Standard Deviation0.18
R-Squared0.44
Alpha0.00958
Financial Highlights & Ratios
Price to Book (P/B)8.85
Price to Sales (P/S)10.65
Price to Cash Flow (P/CF)78.40
P/FCF Ratio80.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.52
Enterprise Value/Gross Profit20.27
Enterprise Value/Ebitda-88.83
Forecast
1Y Price Target
$77.04Price Target Upside31.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering30
Shopify News
Bulls Say, Bears Say
Bulls Say
Growth And Market PresenceShopify is expanding significantly within the e-commerce sector, outpacing general market growth, with a strong performance in the enterprise and business-to-business segments.
Innovation And Market ExpansionThe introduction of new products and features is propelling Shopify's growth, evidenced by notable year-over-year advancement in key business areas, suggesting a trend of continuous innovation and market expansion.
Revenue And Financial HealthShopify's latest financial results reveal revenues exceeding market expectations, driven by a robust increase in subscription services and merchant solutions, highlighting the company's financial growth and stability.
Bears Say
GuidanceQ2 revenue and margin guidance fell short of consensus expectations.
Operational ChallengesIncremental headwinds related to a strong U.S. dollar and some softness in European consumer spending are impacting growth.
ProfitabilityMerchant Solutions take rate of 2.22% was below the expected 2.25%, indicating a slight underperformance in profitability per transaction.
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Ownership Overview
1.63% Insiders
20.03% Mutual Funds
37.49% Other Institutional Investors
40.85% Public Companies and Individual Investors
Risk Analysis
Sorry, No Data AvailableWe provide Risk Factor analysis for U.S. stocks that have been publicly traded for at least a year.
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Website Traffic
The estimated number of people who visited one or more of the websites owned by Shopify
Desktop Users
Mobile Users
SHOP FAQ
What was Shopify’s price range in the past 12 months?
Shopify lowest stock price was $45.50 and its highest was $91.57 in the past 12 months.
What is Shopify’s market cap?
Currently, no data Available
When is Shopify’s upcoming earnings report date?
Shopify’s upcoming earnings report date is Jul 31, 2024 which is in 74 days.
How were Shopify’s earnings last quarter?
Shopify released its earnings results on May 08, 2024. The company reported $0.201 earnings per share for the quarter, beating the consensus estimate of $0.171 by $0.03.
Is Shopify overvalued?
According to Wall Street analysts Shopify’s price is currently Undervalued.
Does Shopify pay dividends?
Shopify does not currently pay dividends.
What is Shopify’s EPS estimate?
Shopify’s EPS estimate is $0.21.
How many shares outstanding does Shopify have?
Shopify has 1,207,926,000 shares outstanding.
What happened to Shopify’s price movement after its last earnings report?
Shopify reported an EPS of $0.201 in its last earnings report, beating expectations of $0.171. Following the earnings report the stock price went down -18.585%.
Which hedge fund is a major shareholder of Shopify?
Among the largest hedge funds holding Shopify’s share is Sands Capital Management LLC. It holds Shopify’s shares valued at 1B.
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Shopify Stock Smart Score
Underperform
1
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5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.04 (31.62% Upside)
$77.04 (31.62% Upside)
Blogger Sentiment
Bullish
SHOP Sentiment 81%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $9.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 1.8%
Last 30 Days ▲ 1.8%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.67%
12-Months-Change
Fundamentals
Return on Equity
-2.40%
Trailing 12-Months
Asset Growth
1.35%
Trailing 12-Months
Company Description
Shopify
Founded in 2004, Canada-based Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.
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SHOP Company Deck
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SHOP Earnings Call
Q1 2024
0:00 / 0:00
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SHOP Stock 12 Month Forecast
Average Price Target
$77.04
▲(31.62% Upside)
Technical Analysis
Best Analysts Covering SHOP
1 Year
1 Year Success Rate
25/32 ratings generated profit
1 Year Average Return
+84.70%
reiterated a buy rating 4 months ago
Copying Richard Tse's trades and holding each position for 1 Year would result in 78.13% of your transactions generating a profit, with an average return of +84.70% per trade.
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