Shopify Stock Price on June 10, 2024
| SHOP Stock | CAD 161.84 3.57 2.26% |
Below is the normalized historical share price chart for Shopify extending back to May 21, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Shopify stands at 161.84, as last reported on the 29th of November, with the highest price reaching 162.99 and the lowest price hitting 157.90 during the day.
If you're considering investing in Shopify Stock, it is important to understand the factors that can impact its price. Shopify appears to be very steady, given 3 months investment horizon. Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Shopify's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please review Shopify's Semi Deviation of 1.44, coefficient of variation of 449.12, and Risk Adjusted Performance of 0.1783 to confirm if our risk estimates are consistent with your expectations.
At this time, Shopify's Total Stockholder Equity is very stable compared to the past year. As of the 29th of November 2024, Common Stock Total Equity is likely to grow to about 7.4 B, while Common Stock Shares Outstanding is likely to drop about 1.2 B. . At this time, Shopify's Price To Sales Ratio is very stable compared to the past year. As of the 29th of November 2024, Price Earnings Ratio is likely to grow to 794.13, though Price Earnings To Growth Ratio is likely to grow to (6.93). Shopify Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 98.622 | 50 Day MA 107.5554 | Beta 2.365 |
Shopify |
Sharpe Ratio = 0.2594
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| Small Returns | SHOP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.37 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Shopify is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shopify by adding it to a well-diversified portfolio.
Price Book 14.4082 | Enterprise Value Ebitda 151.5776 | Price Sales 24.9027 | Shares Float 1.2 B | Wall Street Target Price 107.97 |
Shopify Valuation on June 10, 2024
It is possible to determine the worth of Shopify on a given historical date. On June 10, 2024 Shopify was worth 84.51 at the beginning of the trading date compared to the closed value of 86.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shopify stock. Still, in general, we apply an absolute valuation method to find Shopify's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shopify where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shopify's related companies.
| Open | High | Low | Close | Volume | |
| 83.88 | 85.17 | 83.30 | 84.74 | 1,927,900 | |
06/10/2024 | 84.51 | 87.70 | 84.40 | 86.82 | 2,247,800 |
| 87.94 | 89.07 | 87.19 | 87.82 | 2,234,400 |
| Backtest Shopify | | | Shopify History | | | Shopify Valuation | Previous | Next |
Shopify Trading Date Momentum on June 10, 2024
| On June 11 2024 Shopify was traded for 87.82 at the closing time. The highest price during the trading period was 89.07 and the lowest recorded bid was listed for 87.19 . The volume for the day was 2.2 M. This history from June 11, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 1.15% . The trading price change to the current price is 1.62% . |
Shopify Fundamentals Correlations and Trends
By evaluating Shopify's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shopify's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shopify financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shopify Stock history
Shopify investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shopify is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shopify will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shopify stock prices may prove useful in developing a viable investing in Shopify
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.3 B | 1.2 B | |
| Net Loss | -3.1 B | -3 B |
Shopify Quarterly Net Working Capital |
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Shopify Stock Technical Analysis
Shopify technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shopify Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Shopify November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Shopify stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shopify shares will generate the highest return on investment. By undertsting and applying Shopify stock market strength indicators, traders can identify Shopify entry and exit signals to maximize returns
Shopify Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shopify's price direction in advance. Along with the technical and fundamental analysis of Shopify Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shopify to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1783 | |||
| Jensen Alpha | 0.5419 | |||
| Total Risk Alpha | 0.2315 | |||
| Sortino Ratio | 0.3132 | |||
| Treynor Ratio | 0.4375 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.