Shopify Inc. (TSE:SHOP - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$155.07 and traded as low as C$149.05. Shopify shares last traded at C$149.55, with a volume of 2,739,516 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on SHOP shares. National Bankshares boosted their price target on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. ATB Capital downgraded shares of Shopify from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$120.00 to C$145.00 in a research report on Wednesday, November 13th.
Get Our Latest Stock Report on SHOP
Shopify Stock Performance
The company has a quick ratio of 5.74, a current ratio of 7.32 and a debt-to-equity ratio of 12.40. The stock has a market capitalization of C$180.96 billion, a PE ratio of 109.16, a PEG ratio of 0.87 and a beta of 2.36. The firm has a 50 day moving average price of C$155.63 and a 200-day moving average price of C$119.39.
Insiders Place Their Bets
In related news, Senior Officer Harley Michael Finkelstein sold 4,951 shares of Shopify stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$163.19, for a total value of C$807,961.18. Also, Senior Officer Jessica Hertz sold 4,963 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$167.08, for a total transaction of C$829,193.57. In the last ninety days, insiders sold 42,394 shares of company stock valued at $6,521,950. 0.18% of the stock is owned by insiders.
Shopify Company Profile
(
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Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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