SHOP Continues to Go Lower

The SHOP stock price fluctuated between $395.86 and $424.88 throughout the trading session with the volume trading being 11M shares, which represented a positive variation when compared to the three months average volume of 3M shares.

The share price of Shopify Inc. (NYSE:SHOP) dipped -14.91% to close Thursday’s market session at $413.09, lower as compared to yesterday’s close which brings the market valuation of the company to $54.05B.

The 52-week high for the Shopify Inc.’s shares is $1,762.92. This is the highest price the SHOP shares have gotten with a great gain of -56.21% since the share price dropped to a 52-week low of $395.86.

What does the trading volume tell us about the SHOP stock?

During the last trading session, Shopify Inc. (NYSE:SHOP) has seen growth in its daily volume. The daily volume was of 11M, while in the last 10 days the average was 4.11M and last three months – 3.24M.

Growing short interest

The Shopify Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 4.39M shares being shorted which translates into 1.38 of a short ratio for SHOP, while in the previous month the shorted shares were 3.51M.

Shopify Inc.’s (NYSE:SHOP) financials

With a market cap of 54.05B, Shopify Inc. holds a total cash of $7.79B that translates into $61.85 per share, while the total debt is of $1.17B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 41.10%. The current revenue is of $4.61B that is $37.00 per share.

This is a great sign for a bright future.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s