Shopify Stock Analysis
SHOP Stock | USD 77.52 0.37 0.48% |
Shopify is overvalued with Real Value of 72.73 and Target Price of 66.14. The main objective of Shopify stock analysis is to determine its intrinsic value, which is an estimate of what Shopify is worth, separate from its market price. There are two main types of Shopify's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Shopify's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Shopify's stock to identify patterns and trends that may indicate its future price movements.
The Shopify stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Shopify is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Shopify Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Shopify's ongoing operational relationships across important fundamental and technical indicators.
Shopify |
Shopify Stock Analysis Notes
About 71.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.09. Shopify had not issued any dividends in recent years. The entity had 10:1 split on the 29th of June 2022. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. Shopify operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 10000 people. To find out more about Shopify contact the company at 613-241-2828 or learn more at https://www.shopify.com.Shopify Quarterly Total Revenue |
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Shopify Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Shopify's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Shopify or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Shopify had very high historical volatility over the last 90 days | |
Shopify is unlikely to experience financial distress in the next 2 years | |
Shopify has a strong financial position based on the latest SEC filings | |
About 71.0% of the company shares are owned by institutional investors | |
Latest headline from finance.yahoo.com: Shopify Sees a More Significant Dip Than Broader Market Some Facts to Know |
Shopify Upcoming and Recent Events
Earnings reports are used by Shopify to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Shopify previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
13th of February 2024 Upcoming Quarterly Report | View | |
2nd of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
13th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Shopify Largest EPS Surprises
Earnings surprises can significantly impact Shopify's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2019-10-29 | 2019-09-30 | 0.01 | 0.02 | 0.01 | 100 | ||
2019-02-12 | 2018-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2016-11-02 | 2016-09-30 | -0.03 | -0.02 | 0.01 | 33 |
Shopify Thematic Classifications
In addition to having Shopify stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Tech GrowthLarge and mid-sized technology companies, funds, and technology-based ETFs that are considered growing |
Shopify Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Shopify is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Shopify backward and forwards among themselves. Shopify's institutional investor refers to the entity that pools money to purchase Shopify's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Sands Capital Management, Llc | 2023-12-31 | 14.8 M | Loomis, Sayles & Company Lp | 2023-12-31 | 13.7 M | Bank Of Montreal | 2023-12-31 | 13.5 M | Bmo Capital Markets Corp. | 2023-12-31 | 13.5 M | Norges Bank | 2023-12-31 | 13.5 M | Fidelity International Ltd | 2023-12-31 | 13.3 M | Franklin Resources Inc | 2023-12-31 | 11.4 M | Goldman Sachs Group Inc | 2023-12-31 | 11.3 M | Wellington Management Company Llp | 2023-12-31 | 10.2 M | Baillie Gifford & Co Limited. | 2023-12-31 | 64.2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 52.5 M |
Shopify Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 99.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shopify's market, we take the total number of its shares issued and multiply it by Shopify's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Shopify Profitablity
Shopify's profitability indicators refer to fundamental financial ratios that showcase Shopify's ability to generate income relative to its revenue or operating costs. If, let's say, Shopify is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Shopify's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Shopify's profitability requires more research than a typical breakdown of Shopify's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.22 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.22. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.01 | 0.01 | |
Return On Assets | 0.01 | 0.01 | |
Return On Equity | 0.01 | 0.02 |
Management Efficiency
Shopify has return on total asset (ROA) of 0.0147 % which means that it generated a profit of $0.0147 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0153 %, meaning that it created $0.0153 on every $100 dollars invested by stockholders. Shopify's management efficiency ratios could be used to measure how well Shopify manages its routine affairs as well as how well it operates its assets and liabilities. As of 03/18/2024, Return On Capital Employed is likely to grow to 0.01. Also, Return On Assets is likely to grow to 0.01. As of 03/18/2024, Total Current Liabilities is likely to grow to about 942.9 M. Also, Liabilities And Stockholders Equity is likely to grow to about 11.9 BLast Reported | Projected for 2024 | ||
Price Book Value Ratio | 11.13 | 15.85 | |
Enterprise Value Multiple | -1.1 K | -1.1 K | |
Price Fair Value | 11.13 | 15.85 |
The analysis of Shopify's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Shopify's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Shopify Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 2.22 |
Technical Drivers
As of the 18th of March 2024, Shopify has the Coefficient Of Variation of 2258.47, risk adjusted performance of 0.0359, and Semi Deviation of 3.38. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shopify, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Shopify, which can be compared to its competition. Please validate Shopify variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Shopify is priced more or less accurately, providing market reflects its prevalent price of 77.52 per share. Given that Shopify has jensen alpha of (0.18), we advise you to double-check Shopify's current market performance to make sure the company can sustain itself at a future point.Shopify Price Movement Analysis
The output start index for this execution was thirty-nine with a total number of output elements of twenty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Shopify middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Shopify. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Shopify Predictive Daily Indicators
Shopify intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Shopify stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 121332.0 | |||
Daily Balance Of Power | 0.2126 | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 77.13 | |||
Day Typical Price | 77.26 | |||
Price Action Indicator | 0.57 | |||
Period Momentum Indicator | 0.37 |
Shopify Corporate Filings
6K | 13th of February 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 30th of January 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 26th of January 2024 An amended filing to the original Schedule 13G | ViewVerify |
F3 | 11th of December 2023 The schedule filed by any person or group who acquires beneficial ownership of more than 5% of a voting class of a company's equity securities registered under Section 12 of the Act | ViewVerify |
6K | 28th of November 2023 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 27th of November 2023 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 2nd of November 2023 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
Shopify Forecast Models
Shopify's time-series forecasting models are one of many Shopify's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Shopify's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Shopify Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Shopify prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Shopify shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Shopify. By using and applying Shopify Stock analysis, traders can create a robust methodology for identifying Shopify entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.03 | 0.03 | |
Operating Profit Margin | 0.01 | 0.01 | |
Net Profit Margin | 0.02 | 0.02 | |
Gross Profit Margin | 0.50 | 0.64 |
Current Shopify Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Shopify analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Shopify analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
66.14 | Buy | 47 | Odds |
Most Shopify analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Shopify stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Shopify, talking to its executives and customers, or listening to Shopify conference calls.
Shopify Stock Analysis Indicators
Shopify stock analysis indicators help investors 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 understating and applying Shopify stock analysis, traders can identify Shopify position entry and exit signals to maximize returns.
Begin Period Cash Flow | 1.6 B | |
Long Term Debt | 916 M | |
Common Stock Shares Outstanding | 1.3 B | |
Total Stockholder Equity | 9.1 B | |
Tax Provision | 53 M | |
Quarterly Earnings Growth Y O Y | 4.858 | |
Property Plant And Equipment Net | 147 M | |
Cash And Short Term Investments | 5 B | |
Cash | 1.4 B | |
Accounts Payable | 364 M | |
Net Debt | -263 M | |
50 Day M A | 79.319 | |
Total Current Liabilities | 898 M | |
Other Operating Expenses | 7.1 B | |
Non Current Assets Total | 5 B | |
Forward Price Earnings | 76.9231 | |
Stock Based Compensation | 615 M |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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 0.1 | Revenue Per Share 5.509 | Quarterly Revenue Growth 0.236 | Return On Assets 0.0147 |
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.