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TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

C$90.89
-3.85 (-4.06%)
(As of 09/6/2024 ET)
Today's Range
C$89.40
C$95.31
50-Day Range
C$74.56
C$103.54
52-Week Range
C$63.16
C$123.20
Volume
2.31 million shs
Average Volume
2.68 million shs
Market Capitalization
C$109.98 billion
P/E Ratio
67.83
Dividend Yield
N/A
Price Target
C$103.33

Shopify MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.7% Upside
C$103.33 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Shopify in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$3.84 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.75 out of 5 stars

SHOP stock logo

About Shopify Stock (TSE:SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

SHOP Stock Price History

SHOP Stock News Headlines

Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Shopify Continues Increasing Operating Income
Shopify Stock Scores Rising RS Rating
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Shopify (SHOP) Gets a Hold from Piper Sandler
Houndsy Celebrates Shopify's 10k Milestone Award
See More Headlines
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Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
Computer Software
CIK
N/A
Fax
N/A
Employees
11,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$103.33
High Stock Price Target
C$120.00
Low Stock Price Target
C$90.00
Potential Upside/Downside
+13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$1.27 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.76 billion
Cash Flow
C$6.72 per share
Book Value
C$7.11 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$109.98 billion
Optionable
Not Optionable
Beta
2.29
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Key Executives

  • Mr. Tobias Lütke (Age 43)
    Founder, Chairman, CEO and Head of R&D
    Comp: $1
  • Mr. Harley Finkelstein (Age 41)
    President
    Comp: $986.47k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kasra Nejatian
    VP of Product & COO
  • Ms. Jessica R. Hertz
    General Counsel & Corporate Secretary
  • Carrie Gillard
    Director of Investor Relations
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford (Age 46)
    GM & VP of Shopify Plus
  • Mr. Arpan Podduturi
    Director of Product
  • Mr. Thomas Epting
    Director of Product for Shopify Fulfillment Network

Should I Buy Shopify Stock? SHOP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Shopify Inc.:

  • Shopify Inc. has a strong market capitalization of C$119.64 billion, indicating stability and potential for growth in the market.
  • Analysts have forecasted growth for Shopify Inc., with ATB Capital raising the price target on shares from C$115.00 to C$120.00, showing positive sentiment from experts in the field.
  • Shopify Inc. provides a commerce platform and services across various regions globally, diversifying its revenue streams and reducing dependency on a single market.
  • The company's debt-to-equity ratio of 12.40 is relatively high but is offset by a strong current ratio of 7.32 and quick ratio of 5.74, indicating good financial health and liquidity.
  • Despite recent insider selling activities, Shopify Inc.'s stock price has been relatively stable, with a 50-day moving average of C$90.42 and a 200-day moving average of C$94.23, suggesting resilience in the face of market fluctuations.

Cons

Investors should be bearish about investing in Shopify Inc. for these reasons:

  • Shopify Inc. has a high P/E ratio of 72.96, which may indicate that the stock is currently overvalued compared to its earnings, potentially leading to lower returns for investors.
  • The company's beta of 2.29 suggests higher volatility compared to the market average, which could lead to increased risk for investors during market fluctuations.
  • Shopify Inc.'s P/E/G ratio of 1.12 indicates that the stock may be slightly overvalued relative to its expected earnings growth rate, potentially limiting future price appreciation.
  • Insider selling activities, such as Harley Michael Finkelstein selling shares, may raise concerns among investors about the company's future performance or growth prospects.
  • While Shopify Inc. has shown resilience in its stock price, the one-year high of C$123.20 and one-year low of C$63.16 indicate significant price fluctuations, which could pose challenges for investors seeking stable returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

SHOP Stock Analysis - Frequently Asked Questions

How have SHOP shares performed this year?

Shopify's stock was trading at C$103.16 at the beginning of the year. Since then, SHOP stock has decreased by 11.9% and is now trading at C$90.89.
View the best growth stocks for 2024 here
.

How do I buy shares of Shopify?

Shares of SHOP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Walt Disney (DIS), Block (SQ), Micron Technology (MU) and Alibaba Group (BABA).

This page (TSE:SHOP) was last updated on 9/7/2024 by MarketBeat.com Staff

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