Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -1.99%. However, over the last six months, the performance has been weaker by 18.26%. The price of SHOP decreased -15.84% over the last 30 days. And in the last five days, it has surged by 3.92%.
Shopify Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $91.57 on 02/12/24, while the lowest price for the same period was registered at $39.79 on 03/13/23.
52-week price history of SHOP Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Shopify Inc’s current trading price is -16.62% away from its 52-week high, while its distance from the 52-week low is 91.88%. The stock’s price range during this period has varied between$39.79 and $91.57. The Shopify Inc’s shares, which operate in the Technology, saw a trading volume of around 2.13 million for the day, a figure considerably lower than their average daily volume of 10.36 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Shopify Inc (SHOP) has experienced a quarterly rise of 5.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 98.23B and boasts a workforce of 8300 employees.
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 72.62, with a change in price of +22.26. Similarly, Shopify Inc recorded 11,065,135 in trading volume during the last 100 days, posting a change of +41.09%.
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 0.13. Similarly, the long-term debt-to-equity ratio is also 0.12.
SHOP Stock Stochastic Average
As of today, Shopify Inc’s raw stochastic average for the last 50 days stands at 27.75%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 33.22%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 21.37% and 16.59%, respectively.
