Shopify Inc (SHOP) Stock: A Year of Highs and Lows in the Market

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Shopify Inc’s current trading price is -2.54% away from its 52-week high, while its distance from the 52-week low is 128.40%. The stock’s price range for this period has been between $39.02 and $91.44 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 17.02 million for the day, a number notably higher than the average daily volume of 1.69 over the last three months.

Shopify Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $91.44 on 02/12/24, while the lowest price for the same period was registered at $39.02 on 03/02/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Shopify Inc (SHOP) has experienced a quarterly rise of 47.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 114.45B.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 67.92, with a change in price of +30.79. Similarly, Shopify Inc recorded 11,017,881 in trading volume during the last 100 days, posting a change of +52.79%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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

Shopify Inc’s raw stochastic average for the past 50 days is presently 88.62%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 84.44%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 85.66% and 86.07%, respectively.

SHOP Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 14.40% this year. Over the last six months, there has been a weaker performance of 61.24%. The price of SHOP fallen by 9.62% during the last 30 days period. For the last 5-days stocks have improved 9.48%.

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