How to buy Shopify stock | $1,108.60

Shopify Inc (SHOP) is a leading software-application business based in the US. It opened the day at $1,118.20 after a previous close of $1,090.93. During the day the price has varied from a low of $1,093.05 to a high of $1,128.59. The latest price was $1,108.60 (25 minute delay). Shopify is listed on the NYSE and employs 7,000 staff. All prices are listed in US Dollars.

Shopify share price

Use our graph to track the performance of SHOP stocks over time.

Shopify shares at a glance

• Live prices
• Key figures

Information last updated 2021-05-07.

Open	$1,118.20
High	$1,128.59
Low	$1,093.05
Close	$1,108.60
Previous close	$1,090.93
Change	$17.67
Change %	1.6197%
Volume	1,554,188

Information last updated 2021-05-07.

52-week range	$685.00 - $1,499.75
50-day moving average	$1,148.70
200-day moving average	$1,139.46
Wall St. target price	$1,465.18
PE ratio	87.3452
Dividend yield	N/A (0%)
Earnings per share (TTM)	$12.79

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Is it a good time to buy Shopify stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Shopify Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Shopify price performance over time

Historical closes compared with the close of $1108.6 from 2021-02-25

1 week (2021-04-29)	-10.09%
1 month (2021-04-09)	-9.67%
3 months (2021-02-09)	-22.64%
6 months (2020-11-09)	22.82%

1 year (2020-05-08)	56.37%
2 years (2019-05-09)	325.37%
3 years (2018-05-09)	658.80%
5 years (2016-05-09)	4,089.72%

Is Shopify under- or over-valued?

Valuing Shopify stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Shopify's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Shopify's P/E ratio

Shopify's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 87x. In other words, Shopify shares trade at around 87x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Shopify's EBITDA

Shopify's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $424.7 million.

The EBITDA is a measure of a Shopify's overall financial performance and is widely used to measure a its profitability.

Shopify financials

Revenue TTM	$3.4 billion
Operating margin TTM	10.51%
Gross profit TTM	$1.5 billion
Return on assets TTM	3.17%
Return on equity TTM	26.42%
Profit margin	46.67%
Book value	$73.53
Market capitalisation	$137.5 billion

TTM: trailing 12 months

Shorting Shopify shares

There are currently 1.5 million Shopify shares held short by investors – that's known as Shopify's "short interest". This figure is 14.5% down from 1.8 million last month.

There are a few different ways that this level of interest in shorting Shopify shares can be evaluated.

Shopify's "short interest ratio" (SIR)

Shopify's "short interest ratio" (SIR) is the quantity of Shopify shares currently shorted divided by the average quantity of Shopify shares traded daily (recently around 1.2 million). Shopify's SIR currently stands at 1.32. In other words for every 100,000 Shopify shares traded daily on the market, roughly 1320 shares are currently held short.

However Shopify's short interest can also be evaluated against the total number of Shopify shares, or, against the total number of tradable Shopify shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Shopify's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Shopify shares in existence, roughly 10 shares are currently held short) or 0.0237% of the tradable shares (for every 100,000 tradable Shopify shares, roughly 24 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Shopify.

Find out more about how you can short Shopify stock.

Shopify share dividends

We're not expecting Shopify to pay a dividend over the next 12 months.

Shopify share price volatility

Over the last 12 months, Shopify's shares have ranged in value from as little as $685 up to $1499.75. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 1.4305. This would suggest that Shopify's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Shopify overview

Shopify Inc. , a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011.

Frequently asked questions

• What percentage of Shopify is owned by insiders or institutions?

  Currently 0.273% of Shopify shares are held by insiders and 67.265% by institutions.

• How many people work for Shopify?

  Latest data suggests 7,000 work at Shopify.

• When does the fiscal year end for Shopify?

  Shopify's fiscal year ends in December.

• Where is Shopify based?

  Shopify's address is: 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8

• What is Shopify's ISIN number?

  Shopify's international securities identification number is: CA82509L1076

• What is Shopify's CUSIP number?

  Shopify's Committee on Uniform Securities Identification Procedures number is: 82509L107