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Shopify Inc (TSX:SHOP)
Stock Analysis

SHOP.TO1648.73
▲ 4.85%76.24

Stock Analysis

The following stock analysis is based on 5.8 years of data (i.e. since May 21, 2015). All the stock history has been downloaded.

Stock Exchange

Shopify Inc trades on the Toronto exchange in CAD dollars.

Sector

It is in the technology sector.

Current Status of Shopify Inc

It is currently trading at $1648.73 ($1572.49 the previous day).

Financials

The next reporting date is in 64 days (2021 05 04).

CNN estimates profits for the upcoming quarter will be $0.70 per share ($848.3M). The current Canada / US exchange rate is 1.27254.



Will This Trend Continue?

The year over year average increase is 122.7% per year assuming steady exponential growth. The actual 5 year average is 104.72. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year1152.858502907170.2+ Above Average
2 year426.61347222222119.7+ Above Average
3 year194.1366108786648.4- Below Average
4 year130.8487854251146.1+ Above Average
5 year53.17848979591839.2- Below Average
Shopify Inc is projected by analysts to get to $1908.81 within the next 12 months (15.8%), but preticted targets range from as high as $2417.826 (46.6%) and as low as $763.524(-53.7%).

Risk

The worst drop it has had in recent years is -99.7%. It has a few bumps shape to the stock curve, which means the stock generally continues on a consistent trend and does not have to be checked often, but can have some variation during periods of volitility.

Stock shape test

DAYS AG0PRICE
101746.43DROPPING
301397.7RISING
601510.01DROPPING
1501361.69RISING
365652.99RISING
800166.39RISING
1200132.51RISING
160056.25RISING
200035.51RISING


With an average increase of 122.7% year over year, if Shopify Inc is bought at the worst time, Stockmarketizer analysts estimate it will take 9.8 months before the stock will recover to the original purchase price. The P/E value is 636.58. The stock is over valued as the industry standard in the technology sector is a P/E of 41.54.

About Shopify

Shopify is a technology company that provides an online subscription based platform for companies to sell their products instore from tablets or online. Their subscription based revenue generation allows them to continue to grow their bottom line, making Shopify one of the most profitable publicly traded companies in 2019 (see above chart).

Shopify appeals to start-up companies by providing a platform that can host their website with built in templates that are easy to use without requiring knowledge on web programming. Advanced users can still customize their websites if they have advanced knowledge of cascading style sheets. Shopify offers expert advice to help acquire the audience interested in purchasing the products being sold. It is sometimes referred to as a competitor to Amazon.

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Yahoo News Feed

Tech: 3 Monster Earnings Reports

Sun, 28 Feb 2021 01:28:08 We've finally got full-year figures from Shopify, Twilio, and Palantir -- three businesses that had absolutely banner years in 2020.... Read Full Article

Inflation Perfect Storm: The Fed's Dual Conundrum

Fri, 26 Feb 2021 21:29:09 As inflation takes off, the Fed may be trapped to let it run very hot just to get employment back.... Read Full Article

Better Buy: Shopify vs. Zoom Video Communications

Fri, 26 Feb 2021 14:15:00 Not surprisingly, Shopify (NYSE: SHOP) and Zoom Video Communications (NASDAQ: ZM) benefited greatly from these secular shifts and made many investors much wealthier in the process. In fact, share prices of Shopify soared 160%, and Zoom stock surged 288% over the last ...... Read Full Article

Is it Time to Buy the Shopify Dip?

Fri, 26 Feb 2021 13:00:00 Shopify Investors Relations just reported earnings and they seem to be great but the stock price has been pretty volatile. Is it time to buy the stock 2021?... Read Full Article

Shopify Completes Offering of Class A Subordinate Voting Shares

Thu, 25 Feb 2021 21:19:00 Internet, Everywhere--(Newsfile Corp. - February 25, 2021) - Shopify Inc. (NYSE: SHOP) (TSX: SHOP) ("Shopify") today announced that it has completed its previously announced public offering of 1,180,000 Class A subordinate voting shares (the "Offered Shares") at a price to the public ...... Read Full Article

Screen Of The Day: These 5 Top Growth Stocks With Rising Profit Estimates Near Buy Point

Wed, 24 Feb 2021 20:09:27 Investors searching for stocks to buy or watch should check out IBD Screen Of The Day, which focuses on a list of top ideas in the IBD Stock Screener.... Read Full Article

What Can We Learn From Berkshire Hathaway's First 13F Filing of 2021?

Wed, 24 Feb 2021 14:58:00 Discussing the latest surprising numbers in retail and the latest investments for Berkshire Hathaway.... Read Full Article

Is Baozun Stock a Buy?

Wed, 24 Feb 2021 13:43:56 China's leading e-commerce services company for foreign firms still has plenty of room to run in 2021.... Read Full Article

How Measuring and Reducing Emissions Has Become Its Own Business

Wed, 24 Feb 2021 11:00:31 (Bloomberg) -- A new startup run by former employees of the payment processor Stripe Inc. will help companies analyze the full range of their carbon emissions and figure out the best way to reduce and offset them.Watershed Technology Inc., ...... Read Full Article

Why Shopify Stock Dropped Today

Wed, 24 Feb 2021 00:15:00 What happened Shares of Shopify (NYSE: SHOP) fell 6% on Tuesday after the online retail platform announced a public stock offering.   So what Shopify will sell 1.18 million shares to investors at a price of $1,315 per share.... Read Full Article

Dow Jones Shows Strength Amid Tech Sell-Off; Bitcoin Dives, But Shopify Stock Bounces Off Key Support Level

Tue, 23 Feb 2021 20:35:41 The Dow Jones held up relatively well Tuesday as technology stocks sold off hard, but the Nasdaq was off lows and back above its 50-day moving average.... Read Full Article

Shopify Raises $1.55 Billion in Stock Offering as Shares Sell Off Sharply

Tue, 23 Feb 2021 15:45:00 (SHOP) shares are trading lower Tuesday after the company sold 1.18 million Class A shares at $1,315 apiece, a 4.8% discount to Monday’s closing price at $1,381.30. The e-commerce software company said the offering will provide $1.55 billion in gross proceeds. Shopify (ticker: SHOP) ...... Read Full Article

Amazon's Acquisition of Selz Speaks Volumes for Shopify, BigCommerce

Tue, 23 Feb 2021 15:41:56 The king of online shopping is showing fresh interest in a business it's already abandoned. Take the hint.... Read Full Article

Shopify Lower on Plan for $1.55 Billion Stock Offering

Tue, 23 Feb 2021 12:32:00 Shopify plans a $1.55 billion stock sale to strengthen its balance sheet. Analysts are concerned that the stock may be overvalued.... Read Full Article

Shopify Raises $1.55B At 4.8% Discount To Strengthen Balance Sheet

Tue, 23 Feb 2021 10:44:42 Global commerce company Shopify Inc. (NYSE: SHOP) priced 1.18 million shares at $1,315 per share in a secondary offering to raise $1.55 billion. The offer price signifies a 4.8% discount to Monday's closing price of $1,381.30. The offering proceeds will be utilized to strengthen its ...... Read Full Article

Shopify Prices Offering of Class A Subordinate Voting Shares

Tue, 23 Feb 2021 07:24:00 Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify") today announced the pricing of its previously announced public offering of 1,180,000 Class A subordinate voting shares (the "Offered Shares") at a price to the public of US$1,315 per share (the "Offering"). The gross ...... Read Full Article

BigCommerce Edges Higher On Strong Fourth-Quarter Results

Mon, 22 Feb 2021 22:35:00 Shares of the Shopify rival have fallen significantly from their post-IPO highs. But the company's CFO says the shift to e-commerce is just getting started.... Read Full Article

Shopify Launches Offering of Class A Subordinate Voting Shares

Mon, 22 Feb 2021 21:35:00 Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated August 6, 2020 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection ...... Read Full Article

Amid Black History Month Drops, Brands Discuss Diversity Efforts Beyond Product

Mon, 22 Feb 2021 12:00:41 Following last summer’s racial justice protests and the police killing of George Floyd, companies across industries vowed to improve diversity.... Read Full Article

Your 2 Best Profit Opportunities in 2021

Sat, 20 Feb 2021 12:40:00 Infinity Pharmaceuticals is my pick for Stock of the Year. And Shopify is my selection for Stock of the Decade.... Read Full Article
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