Somewhat Positive Press Coverage Somewhat Unlikely to Affect Shopify (SHOP) Share Price

Headlines about Shopify (NYSE:SHOP) (TSE:SHOP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shopify earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.6266909470468 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Shopify (NYSE SHOP) traded up $2.20 during mid-day trading on Thursday, hitting $109.95. 1,157,200 shares of the stock traded hands, compared to its average volume of 1,310,000. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.64. Shopify has a twelve month low of $42.85 and a twelve month high of $123.94. The stock has a market cap of $10,910.00 and a price-to-earnings ratio of -224.39.

Several equities research analysts have commented on the stock. Barclays reaffirmed a “neutral” rating on shares of Shopify in a report on Sunday, November 5th. Oppenheimer reaffirmed a “hold” rating on shares of Shopify in a report on Tuesday, October 31st. BidaskClub lowered shares of Shopify from a “buy” rating to a “hold” rating in a report on Friday, October 13th. DA Davidson assumed coverage on shares of Shopify in a report on Wednesday, September 6th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, KeyCorp reaffirmed a “buy” rating and issued a $116.00 price target on shares of Shopify in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Shopify has a consensus rating of “Buy” and a consensus price target of $102.56.

WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Shopify (SHOP) Share Price” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3126025/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-shopify-shop-share-price.html.

Shopify Company Profile

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

Insider Buying and Selling by Quarter for Shopify (NYSE:SHOP)

Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.