This Is Too Hot For Shopify Inc (NYSE: SHOP), Let’s Take A Closer Look

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results.

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Stocks Info

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 $78.68 and fluctuated between $79.40 as its day high and $76.10 as its day low. The current market capitalization of Shopify Inc is $101.23B. A total of 10.95 million shares were traded on the day, compared to an average of 10.35M 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. In terms of 52-week highs and lows, SHOP has a high of $91.57 and a low of $39.79.

As of this writing, SHOP has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 32 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.11. The company reported an EPS of $0.24 in the last quarter, which was 71.40% higher than expectations of $0.14.

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. SHOP’s latest balance sheet shows that the firm has $7.77B in Cash & Short Term Investments as of fiscal 2021. There were $1.17B in debt and $702.73M in liabilities at the time. Its Book Value Per Share was $7.05, while its Total Shareholder’s Equity was $11.13B.

Analysts Opinion

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, 0 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 Buy with a score of 3.59.

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