Shopify Stock Price on February 9, 2024
| SHOP Stock | USD 58.70 1.68 2.95% |
Below is the normalized historical share price chart for Shopify extending back to May 21, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Shopify stands at 58.70, as last reported on the 23rd of May, with the highest price reaching 60.11 and the lowest price hitting 58.21 during the day.
If you're considering investing in Shopify Stock, it is important to understand the factors that can impact its price. Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Shopify exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shopify's Coefficient Of Variation of (782.13), risk adjusted performance of (0.07), and Variance of 9.39 to confirm the risk estimate we provide.
At this time, Shopify's Total Stockholder Equity is relatively stable compared to the past year. As of 05/23/2024, Common Stock Total Equity is likely to grow to about 7.4 B, while Capital Stock is likely to drop slightly above 6.9 B. . At this time, Shopify's Price To Sales Ratio is relatively stable compared to the past year. As of 05/23/2024, Price Earnings Ratio is likely to grow to 794.13, while Price To Free Cash Flows Ratio is likely to drop 104.80. Shopify Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of May 2015 | 200 Day MA 68.2846 | 50 Day MA 71.4684 | Beta 2.199 |
Shopify |
Sharpe Ratio = -0.1164
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SHOP |
Estimated Market Risk
| 3.07 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shopify is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shopify by adding Shopify to a well-diversified portfolio.
Price Book 9.9386 | Enterprise Value Ebitda -10.8 K | Price Sales 12.7625 | Shares Float 1.2 B | Wall Street Target Price 76.56 |
Related Headline
SEI Investments Headline on 9th of February 2024
Exercise or conversion by Wayne Withrow of 1970 shares of SE... by Wayne Withrow
Filed transaction by Sei Investments Co officer. Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
Shopify Valuation on February 9, 2024
It is possible to determine the worth of Shopify on a given historical date. On February 9, 2024 Shopify was worth 90.0 at the beginning of the trading date compared to the closed value of 90.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shopify stock. Still, in general, we apply an absolute valuation method to find Shopify's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shopify where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shopify's related companies.
| Open | High | Low | Close | Volume | |
| 85.03 | 91.44 | 84.90 | 87.87 | 20,809,608 | |
02/09/2024 | 90.00 | 91.21 | 88.92 | 90.72 | 11,334,675 |
| 91.40 | 91.57 | 88.98 | 89.12 | 17,109,850 |
| Backtest Shopify | | | Shopify History | | | Shopify Valuation | Previous | Next |
Shopify Trading Date Momentum on February 9, 2024
| On February 12 2024 Shopify was traded for 89.12 at the closing time. The top price for the day was 91.57 and the lowest listed price was 88.98 . The trading volume for the day was 17.1 M. The trading history from February 12, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.76% . The trading price change against the current closing price is 11.87% . |
Shopify Fundamentals Correlations and Trends
By evaluating Shopify's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shopify's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shopify financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shopify Stock history
Shopify investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shopify is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shopify will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shopify stock prices may prove useful in developing a viable investing in Shopify
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.3 B | 1.2 B | |
| Net Loss | -3.1 B | -3 B |
Shopify Quarterly Net Working Capital |
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Shopify Stock Technical Analysis
Shopify technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shopify Period Price Range
Low | February 9, 2024
| High |
90.00 | 90.72 |
Shopify May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Shopify stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shopify shares will generate the highest return on investment. By undertsting and applying Shopify stock market strength indicators, traders can identify Shopify entry and exit signals to maximize returns
| Accumulation Distribution | 284579.0 | |||
| Daily Balance Of Power | 0.3144 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 90.07 | |||
| Day Typical Price | 90.28 | |||
| Price Action Indicator | 1.02 | |||
| Period Momentum Indicator | (32.02) | |||
| Relative Strength Index | 36.8 |
Shopify Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shopify's price direction in advance. Along with the technical and fundamental analysis of Shopify Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shopify to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.24) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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Is Shopify's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shopify. If investors know Shopify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shopify listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.858 | Earnings Share (0.16) | Revenue Per Share 5.773 | Quarterly Revenue Growth 0.234 | Return On Assets 0.031 |
The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shopify's market value can be influenced by many factors that don't directly affect Shopify's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.