Company Stock Price of Shopify Inc. (SHOP) Increases 4.43%

Shopify Inc. stock performance trend indicates that the stock price has rallied 62.05% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 56.08% . Looking at the past 52 week period, the stock price is up at 135.14% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Shopify Inc. has a positive value of 59.56 compared to overall market.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 75.81.

Shopify Inc. (NYSE:SHOP) has climbed 4.43% in the past week and advanced 8.89% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.18% and the outperformance has advanced to 7.65% for the last 4 weeks period.

For the current week, the company shares have a recommendation consensus of Buy. Shopify Inc. (NYSE:SHOP) : On Friday heightened volatility was witnessed in Shopify Inc. (NYSE:SHOP) which led to swings in the share price. The stock opened for trading at $65.49 and hit $67.39 on the upside , eventually ending the session at $66.99, with a gain of 3.08% or 2 points. The heightened volatility saw the trading volume jump to 1,496,588 shares. The 52-week high of the share price is $67.39 and the company has a market cap of $5,989 million. The 52-week low of the share price is at $24.96 .

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wedbush on Feb 16, 2017 to Outperform, Raises Price Target to $ 75 from a previous price target of $50 .Company shares were Reiterated by Monness Crespi & Hardt on Feb 15, 2017 to Buy, Raises Price Target to $ 70 from a previous price target of $63 .Company shares were Reiterated by RBC Capital Mkts on Feb 13, 2017 to Outperform, Raises Price Target to $ 63 from a previous price target of $52 .Company shares were Reiterated by Monness Crespi & Hardt on Feb 13, 2017 to Buy, Raises Price Target to $ 63 from a previous price target of $50 .

Shopify Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $-0.03. The company had revenue of $99.56 million for the quarter, compared to analysts expectations of $94.85 million. The companys revenue was up 88.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Shopify Inc. offers cloud-based commerce platform. The Companys platform provides merchants to design, set up and manage their stores through Web, mobile, social media, brick-and-mortar locations and pop-up shops. Shopify Inc. is based in Ottawa, Canada.

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