It’s Not Over Yet For Shopify Inc (NYSE: SHOP)

After Hours

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. 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

Shopify Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Shopify Inc is $99.75B. A total of 5.73 million shares were traded on the day, compared to an average of 10.11M shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SHOP has a high of $91.57 and a low of $42.78.

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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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