There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Shopify Inc. (SHOP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.70, or -2.26%, to $30.25. Volume reached 305,009 shares, with price reaching a high of $30.65 and a low of $30.11. Recently, Yahoo Finance discussed the stock, revealing that Shopify Announces Leadership Changes.
As a NYSE listed company, SHOP falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $30.55 and fluctuated between $32.43 as its day high and $30.50 as its day low. The current market capitalization of Shopify Inc. is $41.16B. A total of 28.63 million shares were traded on the day, compared to an average of 31.19M shares.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SHOP in the last 3 months, the mean price target is $41.74 with high estimates of $75.00 and low estimates of $29.00. In terms of 52-week highs and lows, SHOP has a high of $176.29 and a low of $29.07.
As of this writing, SHOP has an earnings estimate of $-0.14 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $-0.01 per share and a lower estimate of $-0.21. The company reported an EPS of $-0.14 in the last quarter, which was -40% lower than expectations of $-0.1.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 43 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SHOP is Sell with a score of 3.85. A total of 15 analysts rated the stock as Buy while 4 rated it as Overweight while 22 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.