With 7.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.86 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $105.05 whereas the lowest price it dropped to was $102.5803. The 52-week range on SHOP shows that it touched its highest point at $115.62 and its lowest point at $48.56 during that stretch. It currently has a 1-year price target of $117.12. Beta for the stock currently stands at 2.40.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SHOP was down-trending over the past week, with a drop of -9.69%, but this was up by 27.36% over a month. Three-month performance surged to 39.89% while six-month performance rose 77.07%. The stock gained 49.53% in the past year, while it has gained 33.43% so far this year. A look at the trailing 12-month EPS for SHOP yields 1.06 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.43. This implies an EPS growth rate of 71.49% for this year and 19.88% for next year.
Float and Shares Shorts:
At present, 1.29 billion SHOP shares are outstanding with a float of 1.21 billion shares on hand for trading. On 2024-10-31, short shares totaled 21.42 million, which was 166.0 higher than short shares on 1727654400. In addition to Mr. Tobias Lütke as the firm’s Founder, Chairman, CEO and Head of R&D, Mr. Harley Finkelstein serves as its President.
Institutional Ownership:
Through their ownership of 0.71630996 of SHOP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SHOP reported revenue of $2162000000.0 and operating income of $283000000.0. The EBITDA in the recently reported quarter was -$237000000.0 and diluted EPS was $0.64.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SHOP since 34 analysts follow the stock currently. There are 21 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SHOP analysts setting a high price target of 145.0 and a low target of 78.0, the average target price over the next 12 months is 115.70864. Based on these targets, SHOP could surge 39.5% to reach the target high and fall by -24.96% to reach the target low. Reaching the average price target will result in a growth of 11.32% from current levels.
Analysts have provided yearly estimates in a range of $1.69427 being high and $1.01656 being low. For SHOP, this leads to a yearly average estimate of $1.24611. The surprise factor in the prior quarter was $0.2. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.18. The average estimate for the next quarter is thus $0.27.
