Shopify Inc: Buy, Hold, or Sell? Analysts Weigh In Amid Market Challenges

The stock price for Shopify Inc (SHOP) currently stands at $69.51. The stock experienced a substantial increase in the last session, hitting $70.16 after starting at $67.73. The stock’s lowest price was $67.73 before closing at $68.34.

Shopify Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $71.43 on 07/14/23 and a low of $32.35 for the same time frame on 12/27/22.

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52-week price history of SHOP Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Shopify Inc’s current trading price is -2.69% away from its 52-week high, while its distance from the 52-week low is 114.87%. The stock’s price range during the 52-week period has remained between $32.35 and $71.43. In the Technology sector, the company’s shares saw a trading volume of around 10.22 million for the day, which was evidently lower than the average daily volume of 11.5 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Shopify Inc (SHOP) has experienced a quarterly rise of 28.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 89.31B and boasts a workforce of 11600 employees.

A Closer Look at Analysts’ Ratings for Shopify Inc

As of right now, 19 analysts are rating Shopify Inc as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 27 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 58.93, with a change in price of +5.75. Similarly, Shopify Inc recorded 11,661,901 in trading volume during the last 100 days, posting a change of +9.02%.

Examining SHOP’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SHOP stands at 0.14. Similarly, the long-term debt-to-equity ratio is also 0.13.

SHOP Stock Stochastic Average

As of today, Shopify Inc’s raw stochastic average for the last 50 days stands at 97.36%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 97.36%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 96.78% and 96.79%, respectively.

SHOP Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 100.26%. However, over the past six months, we’ve seen a weaker performance of 12.00%. The price of SHOP fallen by 35.92% over the last 30 days. And in the last five days, it has surged by 11.50%.

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