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TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

Shopify logo
C$152.87 -0.56 (-0.36%)
(As of 11/15/2024 ET)

About Shopify Stock (TSE:SHOP)

Key Stats

Today's Range
C$148.40
C$153.36
50-Day Range
C$90.89
C$161.20
52-Week Range
C$72.36
C$161.86
Volume
1.90 million shs
Average Volume
2.64 million shs
Market Capitalization
C$184.97 billion
P/E Ratio
111.58
Dividend Yield
N/A
Price Target
C$118.75
Consensus Rating
Moderate Buy

Company Overview

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.

Shopify Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
39th Percentile Overall Score

SHOP MarketRank™: 

Shopify scored higher than 39% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Shopify has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Shopify has only been the subject of 1 research reports in the past 90 days.

  • Read more about Shopify's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Shopify is 111.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Shopify is 111.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 255.54.

  • Price to Earnings Growth Ratio

    Shopify has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Shopify has a P/B Ratio of 21.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for SHOP.
  • Dividend Yield

    Shopify does not currently pay a dividend.

  • Dividend Growth

    Shopify does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for SHOP.
  • News Sentiment

    Shopify has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Shopify this week, compared to 5 articles on an average week.
  • Search Interest

    130 people have searched for SHOP on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Shopify insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$5,165,889.00 in company stock.

  • Percentage Held by Insiders

    Only 0.18% of the stock of Shopify is held by insiders.

  • Percentage Held by Institutions

    70.34% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Shopify's insider trading history.
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SHOP Stock News Headlines

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Shopify's Comeback Story
Shopify helps lift Toronto market to record high
See More Headlines

SHOP Stock Analysis - Frequently Asked Questions

Shopify's stock was trading at C$103.16 at the beginning of 2024. Since then, SHOP stock has increased by 48.2% and is now trading at C$152.87.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Shopify investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), PayPal (PYPL), Advanced Micro Devices (AMD), Block (SQ) and Johnson & Johnson (JNJ).

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$118.75
High Stock Price Target
C$145.00
Low Stock Price Target
C$90.00
Potential Upside/Downside
-22.3%
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$11.31 per share
Book Value
C$7.11 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$184.97 billion
Optionable
Not Optionable
Beta
2.36
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This page (TSE:SHOP) was last updated on 11/15/2024 by MarketBeat.com Staff
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