Momentum Is Strong For Shopify Inc (NYSE: SHOP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $78.53 and fluctuated between $79.75 as its day high and $77.75 as its day low. The current market capitalization of Shopify Inc is $101.04B. A total of 4.44 million shares were traded on the day, compared to an average of 9.90M shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SHOP has a high of $91.57 and a low of $43.50.

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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 3.61.

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