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Shopify Inc (TSX:SHOP)
The following stock analysis is based on 5.5 years of data (i.e. since May 21, 2015). All the stock history has been downloaded.
Shopify Inc trades on the Toronto exchange in CAD dollars.
It is in the technology sector.
It is currently trading at $1369.82 ($1396.49 the previous day).
The next reporting date is in 75 days (2021 02 17).
CNN estimates profits for the upcoming quarter will be $1.17 per share ($900.2M). The current Canada / US exchange rate is 1.2865.
The year over year average increase is 110.8% per year assuming steady exponential growth. The actual 5 year average is 101.64. Details on the individual increase in one year intervals is provided below.
|Past Performance||Average Price||Percent Change|
|1 year||1016.590515625||200.4||+ Above Average|
|2 year||338.44187772926||86.6||- Below Average|
|3 year||181.36962184874||63.7||- Below Average|
|4 year||110.81||147.5||+ Above Average|
|5 year||44.776681818182||10||- Below Average|
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.
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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Shopify's (SHOP) Black Friday/Cyber Monday Sales Reach $5.1BWed, 02 Dec 2020 18:01:06 Shopify (SHOP) registers 76% year-over-year increase in sales on Black Friday/Cyber Monday weekend. Increases in online shopping as countries grapple with another coronavirus wave acted as a catalyst.... Read Full Article
The Retail Revolution Isn’t Over Yet. Amazon Won’t Be the Only Winner.Wed, 02 Dec 2020 15:21:00 ROBO Global’s Lisa Chai argues that we’re only in the early innings of machine learning enhancing our shopping experience.... Read Full Article
Sustained Online Selling Points to Healthy Holiday OutcomeTue, 01 Dec 2020 22:11:12 Adobe's final tally for Cyber Monday online sales in the U.S. came in at $10.8 billion, which was at the low end of its forecasts, though still a record.... Read Full Article
Shopify Merchants Generate Record Sales of $5.1 Billion Over Holiday WeekendTue, 01 Dec 2020 19:21:00 In a press release Tuesday, Shopify (NYSE: SHOP) said that merchants on its e-commerce platform broke records, generating $5.1 billion in holiday sales between Black Friday and Cyber Monday. Shopify said it surpassed the $2.9 billion record it set in 2019 by 5:00 p....... Read Full Article
The Zacks Analyst Blog Highlights: The Trade Desk, Wayfair, Shopify, Boston Beer Co. and NVIDIATue, 01 Dec 2020 15:01:03 The Zacks Analyst Blog Highlights: The Trade Desk, Wayfair, Shopify, Boston Beer Co. and NVIDIA... Read Full Article
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Shopify Merchants Break Records with $5.1+ Billion in Worldwide Sales over Black Friday/Cyber Monday WeekendTue, 01 Dec 2020 12:09:00 Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce company, announced today Black Friday/Cyber Monday weekend results, with sales of $5.1\+ billion from the more than one million Shopify-powered brands around the world. From November 27 through November 30, total sales ...... Read Full Article
Why Shopify Stock Rose TodayMon, 30 Nov 2020 22:38:00 Shares of Shopify (NYSE: SHOP) climbed 5.4% on Monday after the online retail platform reported a surge in Black Friday sales. Shopify's stock popped on Monday following a strong holiday sales report. Shopify provides the tools entrepreneurs need to start and ...... Read Full Article
Shopify Stock Rises As Merchants Set Black Friday Record For E-Commerce SalesMon, 30 Nov 2020 21:32:53 Shopify stock rose in early trading Monday after the software maker said that merchants using e-commerce platform set a new record for black Friday online sales.... Read Full Article
Shopify Reports Record-Setting Black Friday SalesMon, 30 Nov 2020 18:13:00 In a press release Saturday, Shopify (NYSE: SHOP) announced that merchants using its e-commerce platform achieved record global sales of $2.4 billion on Black Friday alone. Shopify also released other metrics to illustrate the early success of its holiday shopping season. ...... Read Full Article
Shopify Breaks Out on Cyber Monday - Can It Hit New Highs?Mon, 30 Nov 2020 17:25:00 Shopify began breaking out late last week and that move is continuing on Monday with strong Black Friday results. Let's look at the charts.... Read Full Article
Shopify Says Black Friday Sales Jump 75%Mon, 30 Nov 2020 16:37:00 (SHOP) shares are trading higher after the e-commerce software company said that sales on its platform were up 75% on Black Friday from the year ago level. Shopify (ticker: SHOP) said Monday that it had $2.4 billion in Black Friday sales from ...... Read Full Article
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Shopify Stays In Rally ModeMon, 30 Nov 2020 15:31:08 Shopify extended gains after rising above its 50-day moving average last week.... Read Full Article
Shopify's (SHOP) Worldwide Black Friday Sales Reach $2.4BMon, 30 Nov 2020 14:40:02 Shopify (SHOP) witnessed 75% year-over-year increase in sales on its platform on Black Friday due to spurt in online sales triggered by COVID-19 crisis.... Read Full Article
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