SMarket Metrics
Trading volume was 48 percent above the 20-day average for this time of day.
One-month implied volatility was 81 percent.
The relative strength index on the stock was below 30, indicating it may be oversold.
Of shares that were traded, 15 percent were at the ask price and 11 percent were at the bid.
Market Insights
Stock declined 25 percent in the past 52 weeks. The S&P 500 Index gained 15 percent.
The shares are down 4.1 percent in the past 5 days and fell 39 percent in the past 30 days.
Shopify trades at 134 times its estimated earnings per share for the coming year.
Short interest was equal to 1.2 days of average trading volume. In the previous two years, the short-interest ratio ranged from 0.6 days to 2.4 days. Shares sold short amount to 2 percent of float.
Catalysts
Analyst Rating Changes:
Zacks analyst Team Coverage downgraded the recommendation on Shopify to underperform and assigned a target price of $591 yesterday
ESG Scores
Shopify has a provisional governance score of 6.48.
The Bloomberg ESG Disclosure Score, measuring the extent to which companies report ESG data, was 37.60 on a 100-point scale, compared with the Bloomberg peer group average of 24.29.
Shopify's Sustainalytics Risk Score fell to 23.33 from 24.95 six months ago. Sustainalytics measures unmanaged financially material environmental, social and governance risks, so a lower score is better. The company’s Bloomberg peer group has an average score of 18.34.
Its MSCI ESG rating, ranking ESG business practices from a top AAA to a worst CCC, is AA.
The company’s S&P Global ESG Rank, which looks at how companies are mitigating ESG risks, is 66 out of 100. The Bloomberg peer group average is 46.56.
ISS Governance, which examines governance criteria on a 1-10 scale with 1 as the lowest risk, gave Shopify a QualityScore of 9, compared with a Bloomberg peer group average of 6.07.
It's CDP Integrated Performance Score, measuring commitment to controlling climate change in a 1-8 ranking, is 4.00, versus 2.14 for the Bloomberg peer group.
