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 -23.75% away from its 52-week high, while its distance from the 52-week low is 54.79%. The stock’s price range during this period has varied between $45.11 and $91.57. The company, active in the Technology sector, saw a trading volume of around 4.57 million for the day, considerably lower average daily volume of 9.44 million observed over the last three months.
Shopify Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $91.57 on 02/12/24, while the lowest price during the same period was $45.11 on 10/31/23.
How Financial Performance Impacts Market Capitalization
Shopify Inc (SHOP) has experienced a quarterly decline of -14.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 89.87B and boasts a workforce of 8300 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 77.15, with a change in price of +1.43. Similarly, Shopify Inc recorded 9,566,010 in trading volume during the last 100 days, posting a change of +2.09%.
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 0.13. Similarly, the long-term debt-to-equity ratio is also 0.12.
SHOP Stock Stochastic Average
As of today, the raw stochastic average of Shopify Inc over the last 50 days is at 2.81%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 4.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 6.17% and 7.05%, respectively.
SHOP Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -10.37%. However, over the past six months, we’ve seen a weaker performance of 30.92%. The price of SHOP leaped by -10.97% over the last 30 days. And in the last five days, it has fallen by -6.13%.
