Shopify (TSE:SHOP) Stock Price Down 6.1% - Here's What Happened

Key Points

• Shopify's stock fell 6.1% during mid-day trading to C$162.34 (intraday low C$161.23) from a prior close of C$172.89, on just 414,687 shares traded — about an 80% drop versus average session volume.
• Wall Street's consensus is Hold with an average price target of C$209.67; ATB Cormark upgraded to "Outperform" with a C$250 target while TD Securities maintained a Hold and raised its target to C$159.
• Key fundamentals: market cap C$207.6B, trailing P/E ~168.6, quarterly EPS C$0.78 and revenue C$4.88B with a 22.74% net margin, and the stock is trading well below its 50‑day (C$200.43) and 200‑day (C$208.82) moving averages.

Shopify Inc. (TSE:SHOP - Get Free Report)'s stock price fell 6.1% during mid-day trading on Monday . The stock traded as low as C$161.23 and last traded at C$162.34. 414,687 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,023,260 shares. The stock had previously closed at C$172.89.

Wall Street Analysts Forecast Growth

SHOP has been the subject of several recent research reports. TD Securities boosted their price objective on Shopify from C$156.00 to C$159.00 and gave the company a "hold" rating in a report on Wednesday, November 5th. ATB Cormark Capital Markets raised shares of Shopify from a "sector perform" rating to an "outperform" rating and set a C$250.00 price target for the company in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Shopify has a consensus rating of "Hold" and an average price target of C$209.67.

Shopify Price Performance

The firm has a market cap of C$207.60 billion, a P/E ratio of 168.62, a P/E/G ratio of 0.87 and a beta of 2.12. The company has a fifty day moving average of C$200.43 and a 200-day moving average of C$208.82. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74.

Shopify (TSE:SHOP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$0.78 earnings per share (EPS) for the quarter. Shopify had a net margin of 22.74% and a return on equity of 20.32%. The firm had revenue of C$4.88 billion for the quarter. On average, sell-side analysts anticipate that Shopify Inc. will post 1.9256156 EPS for the current fiscal year.

Shopify Company Profile

Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, SKIMS, Supreme, and many more.

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