TSE:SHOPShopify Stock Price, Forecast & News

C$1,039.85

-14.35 (-1.36 %)

(As of 06/3/2020 11:28 AM ET)

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Today's Range

C$1,034.46

Now: C$1,039.85▼

C$1,058.99

50-Day Range

C$584.72

MA: C$957.12▼

C$1,187.98

52-Week Range

C$354.73

Now: C$1,039.85▼

C$1,206.08

Volume40,136 shs

Average Volume350,612 shs

Market CapitalizationC$124.15 billion

P/E RatioN/A

Dividend YieldN/A

BetaN/A

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Shopify has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$535.00, Shopify has a potential downside of 48.6% from its current price of C$1,040.45.
Amount of Analyst Coverage
Shopify has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Shopify has received 215 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Shopify has received 229 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Shopify has received 51.58% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Shopify and other stocks. Vote “Outperform” if you believe SHOP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SHOP will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Shopify does not currently pay a dividend.
Dividend Growth
Shopify does not have a long track record of dividend growth.

0.0 Company Ownership

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$1,218,247.00 in company stock.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Shopify are expected to decrease by -100.00% in the coming year, from C$0.73 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is -901.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shopify is -901.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Shopify has a PEG Ratio of 6.83. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Shopify has a P/B Ratio of 40.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

0.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Software - Application

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolTSE:SHOP

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.shopify.com

Phone+1-613-2412828

Debt

Debt-to-Equity Ratio4.65

Current Ratio9.45

Quick Ratio8.60

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio1,424.45

P/E Growth6.83

Sales & Book Value

Annual SalesC$1.73 billion

Price / Sales71.86

Cash FlowC$20.32 per share

Price / Cash Flow51.18

Book ValueC$25.94 per share

Price / Book40.09

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees4,000

Outstanding Shares119,393,000

Market CapC$124.15 billion

Next Earnings DateN/A

OptionableOptionable

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Shopify (TSE:SHOP) Frequently Asked Questions

How has Shopify's stock been impacted by COVID-19 (Coronavirus)?

Shopify's stock was trading at C$580.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 79.1% and is now trading at C$1,040.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Shopify?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Shopify.

What price target have analysts set for SHOP?

3 analysts have issued 1 year target prices for Shopify's stock. Their forecasts range from C$300.00 to C$830.00. On average, they expect Shopify's stock price to reach C$535.00 in the next twelve months. This suggests that the stock has a possible downside of 48.6%. View analysts' price targets for Shopify.

Has Shopify been receiving favorable news coverage?

Press coverage about SHOP stock has been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shopify earned a news sentiment score of 0.6 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutShopify.

Who are some of Shopify's key competitors?

Some companies that are related to Shopify include SAP (SAP), Constellation Software (CSU), Open Text (OTEX), Nemetschek (NEM), The Sage Group (SGE), Elastic (ESTC), AVEVA Group (AVV), Descartes Systems Group (DSG), Avast (AVST), Altium (ALU), Kinaxis (KXS), Appen (APX), Enghouse Systems (ENGH), Lightspeed POS (LSPD) and Technology One (TNE). View all competitors.

What other stocks do shareholders of Shopify own?

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

Who are Shopify's key executives?

Shopify's management team includes the following people:

Mr. Tobias Lütke, Founder, Chairman & CEO (Age 38)
Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 36)
Mr. Craig Stuart Miller, Chief Product Officer (Age 36)
Mr. Jean-Michel Lemieux, Sr. VP of Engineering (Age 46)
Ms. Amy E. Shapero, Chief Financial Officer (Age 56)

What is Shopify's stock symbol?

Shopify trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SHOP."

How do I buy shares of Shopify?

Shares of SHOP and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately C$1,040.45.

How big of a company is Shopify?

Shopify has a market capitalization of C$124.22 billion and generates C$1.73 billion in revenue each year. Shopify employs 4,000 workers across the globe.

What is Shopify's official website?

The official website for Shopify is www.shopify.com.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The company can be reached via phone at +1-613-2412828.

This page was last updated on 6/3/2020 by MarketBeat.com Staff