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Oct 06, 2020

Shopify (SHOP, $1,065.94) stock gets price target raise from KeyBanc analyst

E-commerce  company Shopify shares got a price target hike to $1,250 from $1,150. from a KeyBanc Capital Markets analyst.

 Referring to Shopify’s Fulfillment Network as "a full-fledged, tightly integrated fulfillment solution," analyst Josh Beck raised his price target. Beck has a overweight rating on the stock.

Beck indicated that thanks to a SFN deep dive, the KeyBanc analysts  are more sanguine on Shopify’s opportunity to build a new software ‘brain’ to orchestrate the fulfillment value chain.

Beck also noted that a broad range of robotic systems has been developed to optimize fulfillment services across various functions, such as picking, moving, and sorting.

According to Tickeron, Momentum Indicator for SHOP turns positive, indicating new upward trend

SHOP saw its Momentum Indicator move above the 0 level on September 25, 2020. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 67 similar instances where the indicator turned positive. In 62 of the 67 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Current price $1065.94 is above $1053.83 the highest resistance line found by A.I. Throughout the month of 09/02/20 - 10/05/20, the price experienced a -0.84% Downtrend, while the week of 09/28/20 - 10/05/20 shows a +10% Uptrend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SHOP just turned positive on September 25, 2020. Looking at past instances where SHOP's MACD turned positive, the stock continued to rise in 47 of 51 cases over the following month. The odds of a continued upward trend are 90%.

SHOP moved above its 50-day Moving Average on September 29, 2020 date and that indicates a change from a downward trend to an upward trend.

Following a +6.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in 332 of 382 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

The Aroon Indicator entered an Uptrend today. In 375 of 439 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.

Bearish Trend Analysis

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day Moving Average for SHOP crossed bearishly below the 50-day moving average on September 11, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 57%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.

SHOP broke above its upper Bollinger Band on October 01, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 90%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.

The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: SHOP's P/B Ratio (27.64) is slightly higher than the industry average of (3.21). P/E Ratio (0.00) is within average values for comparable stocks, (36.54). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (1.67). Dividend Yield (0.00) settles around the average of (0.08) among similar stocks. SHOP's P/S Ratio (56.01) is very high in comparison to the industry average of (4.60).

The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Related Ticker: SHOP

SHOP sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for SHOP moved below the 200-day moving average on June 03, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SHOP broke above its upper Bollinger Band on June 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for SHOP entered a downward trend on June 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 31, 2024. You may want to consider a long position or call options on SHOP as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SHOP just turned positive on May 29, 2024. Looking at past instances where SHOP's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

SHOP moved above its 50-day moving average on June 14, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SHOP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.099) is normal, around the industry mean (30.421). P/E Ratio (781.900) is within average values for comparable stocks, (157.675). Projected Growth (PEG Ratio) (1.291) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (14.347) is also within normal values, averaging (56.972).

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.47B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 16%. LGIQ experienced the highest price growth at 93%, while WBSR experienced the biggest fall at -71%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -29%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -57%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 61
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)
Related Portfolios: E-COMMERCE SECTOR
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A.I.Advisor
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General Information

an operator of eCommerce website that allows customers to sell online by providing software to create an online store

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
151 O'Connor Street
Phone
+1 613 241-2828
Employees
8300
Web
https://www.shopify.com
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