Free Trial
TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

C$110.18
-2.61 (-2.31%)
(As of 10/23/2024 ET)

About Shopify Stock (TSE:SHOP)

Key Stats

Today's Range
C$109.60
C$113.35
50-Day Range
C$90.89
C$114.59
52-Week Range
C$63.16
C$123.20
Volume
1.29 million shs
Average Volume
2.65 million shs
Market Capitalization
C$133.32 billion
P/E Ratio
80.42
Dividend Yield
N/A
Price Target
C$103.33
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
35th Percentile Overall Score

SHOP MarketRank™: 

Shopify scored higher than 35% 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 received no research coverage 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 80.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.88.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Shopify is 80.42, 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 259.71.

  • 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 15.50. 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 -0.01. 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 is a lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

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

    59 people have searched for SHOP on MarketBeat in the last 30 days. This is an increase of 23% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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$3,968,372.00 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.
Receive SHOP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Shopify and its competitors with MarketBeat's FREE daily newsletter.

SHOP Stock News Headlines

Bull of the Day: Shopify Inc. (SHOP)
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Shopify (SHOP) Receives a Buy from RBC Capital
Fast Simon Brings Integrated Solution to Shopify Markets
Piper Sandler Sticks to Their Hold Rating for Shopify (SHOP)
See More Headlines

SHOP Stock Analysis - Frequently Asked Questions

Shopify's stock was trading at C$103.16 at the beginning of the year. Since then, SHOP shares have increased by 6.8% and is now trading at C$110.18.
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$103.33
High Stock Price Target
C$120.00
Low Stock Price Target
C$90.00
Potential Upside/Downside
-6.2%
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$8.15 per share
Book Value
C$7.11 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$133.32 billion
Optionable
Not Optionable
Beta
2.36
(Almost)  Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

This page (TSE:SHOP) was last updated on 10/24/2024 by MarketBeat.com Staff
From Our Partners