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Shopify (TSE:SHOP)
TSX:SHOP
Shopify (SHOP) Stock Price & Analysis
1,716 Followers
SHOP Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$63.16 - C$123.20
Previous CloseC$79.41
Volume3.76M
Average Volume (3M)2.56M
Market Cap
C$102.22B
Enterprise ValueC$96.72B
Total Cash (Recent Filing)$5.18B
Total Debt (Recent Filing)$1.15B
Price to Earnings (P/E)―
Beta2.28
Next Earnings
Jul 31, 2024EPS Estimate
C$0.28Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.23
Shares Outstanding1,284,258,848
10 Day Avg. Volume2,134,752
30 Day Avg. Volume2,563,020
Standard Deviation0.17
R-Squared0.29
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)8.78
Price to Sales (P/S)13.60
Price to Cash Flow (P/CF)77.90
P/FCF Ratio79.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.36
Enterprise Value/Gross Profit27.52
Enterprise Value/Ebitda-120.60
Forecast
1Y Price Target
C$105.34Price Target Upside31.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering29
Shopify News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceShopify's Q1 revenue beat consensus with solid margins, demonstrating financial strength and growth.
Growth ProspectsAnalysts have greater conviction that SHOP will deliver outsized growth into 2025, driven by strategic marketing investments and capturing market share.
Investment RecommendationShopify is upgraded from Neutral to Buy with a 30% upside to the updated 12-month price target.
Bears Say
Earnings GuidanceQ2 revenue and margin guidance fell short of consensus expectations.
Financial PerformanceShopify's stock is down due to an investment cycle weighing on margin expansion and mixed consumer spending data points.
Profitability ConcernsConcerns over profitability will weigh on shares until meaningful payback on marketing investments.
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Ownership Overview
1.63% Insiders
20.42% Mutual Funds
37.54% Other Institutional Investors
40.41% Public Companies and
Individual Investors
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 C$63.16 and its highest was C$123.20 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 62 days.
How were Shopify’s earnings last quarter?
Shopify released its earnings results on May 08, 2024. The company reported C$0.274 earnings per share for the quarter, beating the consensus estimate of C$0.233 by C$0.041.
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 C$0.28.
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 C$0.274 in its last earnings report, beating expectations of C$0.233. Following the earnings report the stock price went down -18.525%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$105.34 (31.61% Upside)
C$105.34 (31.61% Upside)
Blogger Sentiment
Bullish
TSE:SHOP Sentiment 81%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-1.80%
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
C$105.34
▲(31.61% Upside)
Technical Analysis
Best Analysts Covering SHOP
1 Year
1 Year Success Rate
12/13 ratings generated profit
1 Year Average Return
+80.32%
reiterated a buy rating 21 days 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 +80.32% per trade.
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