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Shopify Inc (SHOP) Stock: Navigating Market Highs and Lows in 52 Weeks

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Shopify Inc’s current trading price is -1.85% away from its 52-week high, while its distance from the 52-week low is 130.00%. The stock’s price range during this period has varied between $39.02 and $91.44. The company, active in the Technology sector, saw a trading volume of around 4.58 million for the day, considerably lower average daily volume of 10.12 million observed over the last three months.

Shopify Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $91.44 on 02/08/24, and the lowest price during the same period was recorded at $39.02 on 03/02/23.

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How Financial Performance Impacts Market Capitalization

Shopify Inc (SHOP) has experienced a quarterly rise of 43.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 115.26B and boasts a workforce of 11600 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 67.60, with a change in price of +30.84. Similarly, Shopify Inc recorded 10,906,304 in trading volume during the last 100 days, posting a change of +51.83%.

How SHOP’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its 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, the raw stochastic average of Shopify Inc over the past 50 days is 94.86%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 92.96%. Additionally, the Stochastic %K and %D values for the company were 89.03% and 84.63%, respectively, over the past 20 days.

SHOP Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 15.21%.However, over the last six months, we can see a weaker performance of 58.93%. Over the last 30 days, the price of SHOP has fallen by 10.66%. And in the last five days, it has surged by 8.22%.

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