Shopify Stock Today

SHOP Stock  USD 77.52  0.37  0.48%   

Performance

2 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 1

 
100  
 
Zero
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Shopify is selling at 77.52 as of the 19th of March 2024; that is 0.48 percent increase since the beginning of the trading day. The stock's last reported lowest price was 76.26. Shopify has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Shopify are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
21st of May 2015
Category
Technology
Classification
Information Technology
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. The company has 1.21 B outstanding shares of which 19.06 M shares are at this time shorted by private and institutional investors with about 1.54 trading days to cover. More on Shopify

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Shopify Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Shopify's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Shopify or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PresidentBrittany Forsyth
Thematic IdeaTech Growth (View all Themes)
Business ConcentrationInternet Services & Infrastructure, Software - Application, Information Technology, NYSE Composite, SP TSX Composite, Thomson Reuters Canada, Tech Growth, Information Technology, IT Services, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Shopify report their recommendations after researching Shopify's financial statements, talking to executives and customers, or listening in on Shopify's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Shopify. The Shopify consensus assessment is calculated by taking the average forecast from all of the analysts covering Shopify.
Financial Strength
Based on the key measurements obtained from Shopify's financial statements, Shopify is performing exceptionally good at the present time. It has a great chance to report excellent financial results in April. Financial strength of Shopify is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.670.6248
Notably Up
Pretty Stable
Gross Profit Margin0.640.4979
Significantly Up
Slightly volatile
Total Current Liabilities942.9 M898 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.4 B1.3 B
Sufficiently Up
Slightly volatile
Total Assets11.9 B11.3 B
Sufficiently Up
Slightly volatile
Total Current Assets3.4 B6.3 B
Way Down
Slightly volatile
Shopify's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Shopify's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Shopify's financial leverage. It provides some insight into what part of Shopify's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Shopify's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Shopify deploys its capital and how much of that capital is borrowed.
Liquidity
Shopify cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.15 B in liabilities with Debt to Equity (D/E) ratio of 0.15, which may suggest the company is not taking enough advantage from borrowing. Shopify has a current ratio of 6.51, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Shopify until it has trouble settling it off, either with new capital or with free cash flow. So, Shopify's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Shopify sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Shopify to invest in growth at high rates of return. When we think about Shopify's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(63.65 Million)
Shopify (SHOP) is traded on New York Stock Exchange in USA. It is located in 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8 and employs 8,300 people. Shopify is listed under Internet Services & Infrastructure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 99.24 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shopify's market, we take the total number of its shares issued and multiply it by Shopify's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Shopify conducts business under IT Services sector and is part of Information Technology industry. The entity has 1.21 B outstanding shares of which 19.06 M shares are at this time shorted by private and institutional investors with about 1.54 trading days to cover. Shopify currently holds about 1.65 B in cash with 944 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.88.
Check Shopify Probability Of Bankruptcy
Ownership Allocation
Shopify shows a total of 1.21 Billion outstanding shares. The majority of Shopify outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Shopify to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Shopify. Please pay attention to any change in the institutional holdings of Shopify as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Shopify Ownership Details

Shopify Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Shopify jumping above the current price in 90 days from now is about 61.33%. The Shopify probability density function shows the probability of Shopify stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3341. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Shopify will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Shopify is significantly underperforming NYSE Composite.
  Odds Below 77.52HorizonTargetOdds Above 77.52
38.43%90 days
 77.52 
61.33%
Based on a normal probability distribution, the odds of Shopify to move above the current price in 90 days from now is about 61.33 (This Shopify probability density function shows the probability of Shopify Stock to fall within a particular range of prices over 90 days) .

Shopify Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Shopify that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Shopify's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Shopify's value.
InstituionRecorded OnShares
Sands Capital Management, Llc2023-12-31
14.8 M
Loomis, Sayles & Company Lp2023-12-31
13.7 M
Bank Of Montreal2023-12-31
13.5 M
Bmo Capital Markets Corp.2023-12-31
13.5 M
Norges Bank2023-12-31
13.5 M
Fidelity International Ltd2023-12-31
13.3 M
Franklin Resources Inc2023-12-31
11.4 M
Goldman Sachs Group Inc2023-12-31
11.3 M
Wellington Management Company Llp2023-12-31
10.2 M
Baillie Gifford & Co Limited.2023-12-31
64.2 M
Morgan Stanley - Brokerage Accounts2023-12-31
52.5 M
View Shopify Diagnostics

Shopify Historical Income Statement

Shopify Income Statement is one of the three primary financial statements used for reporting Shopify's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Shopify revenue and expense. Shopify Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Shopify's Cost Of Revenue is relatively stable compared to the past year. As of 03/19/2024, Total Operating Expenses is likely to grow to about 3.8 B, though EBIT is likely to grow to (150.1 M). View More Fundamentals

Shopify Stock Against Markets

Picking the right benchmark for Shopify stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Shopify stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Shopify is critical whether you are bullish or bearish towards Shopify at a given time. Please also check how Shopify's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shopify without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Shopify Corporate Directors

Shopify corporate directors refer to members of a Shopify board of directors. The board of directors generally takes responsibility for the Shopify's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Shopify's board members must vote for the resolution. The Shopify board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steven CollinsIndependent DirectorProfile
Trevor OelschigIndependent DirectorProfile
Carrie GillardDirector RelationsProfile
Thomas EptingDirector NetworkProfile

How to buy Shopify Stock?

Before investing in Shopify, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Shopify. To buy Shopify stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Shopify. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Shopify stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Shopify stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Shopify stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Shopify, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Shopify Stock please use our How to Invest in Shopify guide.

Already Invested in Shopify?

The danger of trading Shopify is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Shopify is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Shopify. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shopify is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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Is Shopify's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shopify. If investors know Shopify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shopify listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.858
Earnings Share
0.1
Revenue Per Share
5.509
Quarterly Revenue Growth
0.236
Return On Assets
0.0147
The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shopify's market value can be influenced by many factors that don't directly affect Shopify's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.