Shopify Inc (NYSE:SHOP) shares traded 2.19% up during most recent session to reach at the closing price of $148.62. The stock exchanged hands 1.28 Million shares versus average trading capacity of 1.9 Million shares, yielding a market cap of $15.96 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $163.48 within the next 52-weeks. The mean target projections are based on 27 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Shopify Inc (NYSE:SHOP) high price target of $190 and with a conservative view have low price target of $79.07.
DA Davidson “Upgrades” Shopify Inc (NYSE:SHOP) in a research note issued to investors on 12/21/18 to Buy with price target of $150.
Additionally on 12/18/18 Wells Fargo “Initiates Coverage On” Shopify Inc (NYSE:SHOP) to Outperform setting price target at $175 and on 10/02/18 Jefferies “Initiates Coverage On” the stock to Hold at $175. Furthermore on 9/14/18 Wedbush “Initiates Coverage On” the stock to Outperform at $177.
On the other hand the company has Relative Strength Index (RSI 14) of 56.2 along with Average True Range (ATR 14) of 8.29, Consequently Shopify Inc (NYSE:SHOP)’s weekly and monthly volatility is 4.65%, 5.45% respectively. The company’s beta value is at 1.46.
In terms of Buy, Sell or Hold recommendations, Shopify Inc (NYSE:SHOP) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Shopify Inc (NYSE:SHOP)’s minimum EPS for the current quarter is at $0.14 and can go high up to $0.29. The consensus mean EPS for the current quarter is at $0.2 derived from a total of 25 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.15 earnings per share for the same quarter during last year.
Previously Shopify Inc (NYSE:SHOP) reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.02 by $0.06. The company posted an earnings surprise of 300%.
Shopify Inc (NYSE:SHOP)’s revenue estimates for the current quarter are $327.63 Million according to 25 number of analysts, for the current quarter the company has high revenue estimates of $342.4 Million in contradiction of low revenue estimates of $319.8 Million. For the current year the company’s revenue estimates are $1.06 Billion compared to low analyst estimates of $1.04 Billion and high estimates of $1.07 Billion according to 27 number of analysts.
Currently Shopify Inc (NYSE:SHOP)’s shares owned by insiders are 0.35%, whereas shares owned by institutional owners are 73.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.28%.
Shopify Inc (NYSE:SHOP)’s trailing twelve month revenues are $952.2 Million, whereas its price to sales ratio for the same period is 16.76. Its book value per share for the most recent quarter is $15.68 while its price to book ratio for the same period is 9.48, as for as the company’s cash per share for the most recent quarter is $15.63, however its price to cash per share ratio for the same period is 9.51. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.