Shopify Inc (NYSE:SHOP) shares, rose in value on Wednesday, March 26, with the stock price down by -5.04% to the previous day’s close as strong demand from buyers drove the stock to $104.28.
Actively observing the price movement in the last trading, the stock closed the session at $109.82, falling within a range of $103.05 and $109.42. The value of beta (5-year monthly) was 2.6 whereas the PE ratio was 67.09 over 12-month period. Referring to stock’s 52-week performance, its high was $129.38, and the low was $48.56. On the whole, SHOP has fluctuated by -6.01% over the past month.
With the market capitalization of Shopify Inc currently standing at about $135.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-10.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SHOP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.39, with the price of SHOP currently trading nearly 2.78% and -5.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.10, while the 7-day volatility ratio is showing 4.60% which for the 30-day chart, stands at 5.25%. Furthermore, Shopify Inc (SHOP)’s beta value is 2.81, and its average true range (ATR) is 5.95.
A comparison of Shopify Inc (SHOP) with its peers suggests the former has fared considerably weaker in the market. SHOP showed an intraday change of -5.04% in last session, and over the past year, it grew by 32.47%%.
Data on historical trading for Shopify Inc (NYSE:SHOP) indicates that the trading volumes over the past 10 days have averaged 8.88 and over the past 3 months, they’ve averaged 8.30 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.
Nearly 6.41% of Shopify Inc’s shares belong to company insiders and institutional investors own 65.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.15 million shares as on 2025-03-14, resulting in a short ratio of 1.6. According to the data, the short interest in Shopify Inc (SHOP) stood at 208.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 15.4 million. The stock has fallen by -1.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SHOP stock heading into the next quarter.
