A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price increase of 71.67%. However, over the past six months, we’ve seen a weaker performance of 33.36%. The price of SHOP fallen by 11.96% over the last 30 days. And in the last five days, it has fallen by -7.70%.
The stock price for Shopify Inc. (SHOP) currently stands at $59.59. The stock experienced a substantial increase in the last session, hitting $63.49 after starting at $63.31. The stock’s lowest price was $61.92 before closing at $62.38.
Shopify Inc. experienced a rather steady stock market performance. The highest value in the past year was recorded at $71.43 on 07/14/23 and the lowest value was $23.63 on 10/13/22.
52-week price history of SHOP Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Shopify Inc.’s current trading price is -16.58% away from its 52-week high, while its distance from the 52-week low is 152.16%. The stock’s price range during this time has been between $23.63 and $71.43. The trading volume for the Technology sector company’s shares reached about 4.79 million for the day, which was lower than the average daily volume of 11.19 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Shopify Inc. (SHOP) has experienced a quarterly decline of -7.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 77.67B and boasts a workforce of 11600 employees.
Shopify Inc.: Analysts’ Ratings Unveiled
As of right now, 14 analysts are rating Shopify Inc. as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 28 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 60.84, with a change in price of +13.31. Similarly, Shopify Inc. recorded 13,605,338 in trading volume during the last 100 days, posting a change of +28.65%.
SHOP’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SHOP stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.12.
SHOP Stock Stochastic Average
Today’s raw stochastic average for Shopify Inc. over the last 50 days is 42.36%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 46.74%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 63.10% and 68.56%, respectively.