Shopify Stock Price on July 29, 2024
| SHOP Stock | USD 106.48 2.54 2.44% |
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 106.48, as last reported on the 22nd of November, with the highest price reaching 108.21 and the lowest price hitting 103.26 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 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Shopify's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please review Shopify's Semi Deviation of 1.71, risk adjusted performance of 0.1309, and Coefficient Of Variation of 611.96 to confirm if our risk estimates are consistent with your expectations.
At this time, Shopify's Total Stockholder Equity is relatively stable compared to the past year. As of 11/22/2024, Common Stock Total Equity is likely to grow to about 7.4 B, while Capital Stock is likely to drop slightly above 6.9 B. . At this time, Shopify's Price To Sales Ratio is relatively stable compared to the past year. As of 11/22/2024, Price Earnings Ratio is likely to grow to 794.13, while Price To Free Cash Flows Ratio is likely to drop 104.80. Shopify Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of May 2015 | 200 Day MA 72.226 | 50 Day MA 78.7236 | Beta 2.365 |
Shopify |
Sharpe Ratio = 0.1794
| Best Portfolio | Best Equity | |||
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| Small Returns | SHOP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.41 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Shopify is performing at about 14% 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 13.2734 | Enterprise Value Ebitda 139.5946 | Price Sales 16.3851 | Shares Float 1.2 B | Wall Street Target Price 108.27 |
Shopify Valuation on July 29, 2024
It is possible to determine the worth of Shopify on a given historical date. On July 29, 2024 Shopify was worth 60.15 at the beginning of the trading date compared to the closed value of 59.87. 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 | |
| 61.42 | 61.52 | 59.81 | 59.94 | 5,253,404 | |
07/29/2024 | 60.15 | 60.57 | 59.52 | 59.87 | 5,042,576 |
| 59.83 | 61.02 | 58.93 | 59.20 | 6,664,215 |
| Backtest Shopify | | | Shopify History | | | Shopify Valuation | Previous | Next |
Shopify Trading Date Momentum on July 29, 2024
| On July 30 2024 Shopify was traded for 59.20 at the closing time. The top price for the day was 61.02 and the lowest listed price was 58.93 . The trading volume for the day was 6.7 M. The trading history from July 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.12% . The trading price change against the current closing price is 7.30% . |
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 22, 2024
| High |
0.00 | 0.00 |
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Shopify November 22, 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 | 0.1309 | |||
| Jensen Alpha | 0.4361 | |||
| Total Risk Alpha | 0.1584 | |||
| Sortino Ratio | 0.2223 | |||
| Treynor Ratio | 0.4436 |
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Additional Tools for Shopify Stock Analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.