Analyzing Shopify's Stock Performance – A Brief Overview

By Emilio Sanchez • Wednesday, June 04 10:01 • Permanent Link

Large-cap Technology company Shopify has moved -0.6% so far today on a volume of 1,136,242, compared to its average of 13,464,742. In contrast, the S&P 500 index moved 0.0%.

Shopify trades -8.83% away from its average analyst target price of $114.64 per share. The 46 analysts following the stock have set target prices ranging from $85.0 to $135.0, and on average have given Shopify a rating of buy.

Anyone interested in buying SHOP should be aware of the facts below:

Shopify's current price is 493.9% above its Graham number of $17.6, which implies that at its current valuation it does not offer a margin of safety
Shopify has moved 71.6% over the last year, and the S&P 500 logged a change of 11.5%
Based on its trailing earnings per share of 1.23, Shopify has a trailing 12 month Price to Earnings (P/E) ratio of 85.0 while the S&P 500 average is 29.3
SHOP has a forward P/E ratio of 56.5 based on its forward 12 month price to earnings (EPS) of $1.85 per share
Its Price to Book (P/B) ratio is 12.27 compared to its sector average of 4.19
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Based in Ottawa, the company has 8,100 full time employees and a market cap of $135.61 Billion.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.