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Shopify (SHOP)
NYSE:SHOP
Shopify (SHOP) Stock Price & Analysis
17,996 Followers
SHOP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.50 - $91.57
Previous Close$64.63
Volume6.76M
Average Volume (3M)10.91M
Market Cap
$84.79B
Enterprise Value$80.76B
Total Cash (Recent Filing)$5.18B
Total Debt (Recent Filing)$1.15B
Price to Earnings (P/E)―
Beta2.74
Next Earnings
Jul 31, 2024EPS Estimate
$0.2Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.17
Shares Outstanding1,288,684,180
10 Day Avg. Volume10,916,322
30 Day Avg. Volume10,913,809
Standard Deviation0.18
R-Squared0.45
Alpha-0.00017
Financial Highlights & Ratios
Price to Book (P/B)10.04
Price to Sales (P/S)11.87
Price to Cash Flow (P/CF)89.00
P/FCF Ratio91.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.33
Enterprise Value/Gross Profit22.97
Enterprise Value/Ebitda-100.69
Forecast
1Y Price Target
$76.60Price Target Upside15.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering31
Shopify News
Bulls Say, Bears Say
Bulls Say
AI IntegrationShopify’s AI tool Sidekick is now live on thousands of Shopify stores as the company widens access to the tool, automating more business tasks and saving merchants time.
Growth PotentialShopify had surpassed $1tn in cumulative GMV, indicating strong GMV momentum.
Product UpdatesShopify released Shopify Editions Summer 2024, its biannual product update, with 150+ updates across the platform, which are believed to extend Shopify’s product lead.
Bears Say
Consumer SpendingConcerns exist regarding the consumer spending environment and Shopify's ability to convert higher spend into higher growth.
Operating ExpensesConcerns that opex could grow low/mid single digits q/q in 3Q, which might disappoint lofty investor expectations.
Revenue GuidanceQ2 revenue, implied operating margin, and FCF guidance also appeared to fall short of consensus expectations, potentially raising concerns that the counter-cyclical marketing investments might unwind some of the strong profitability improvements from last year.
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Ownership Overview
1.65% Insiders
20.58% Mutual Funds
7.97% Other Institutional Investors
69.80% 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 28 days.
How were Shopify’s earnings last quarter?
Shopify released its earnings results on May 08, 2024. The company reported $0.199 earnings per share for the quarter, beating the consensus estimate of $0.17 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 $0.2.
How many shares outstanding does Shopify have?
Shopify has 1,209,425,400 shares outstanding.
What happened to Shopify’s price movement after its last earnings report?
Shopify reported an EPS of $0.199 in its last earnings report, beating expectations of $0.17. 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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$76.60 (15.96% Upside)
$76.60 (15.96% Upside)
Blogger Sentiment
Bullish
SHOP Sentiment 83%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
0.04%
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
$76.60
▲(15.96% Upside)
Technical Analysis
Best Analysts Covering SHOP
1 Year
1 Year Success Rate
12/13 ratings generated profit
1 Year Average Return
+81.25%
reiterated a buy rating 2 months ago
Copying Todd Coupland's trades and holding each position for 1 Year would result in 92.31% of your transactions generating a profit, with an average return of +81.25% per trade.
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