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How to buy Shopify stock in Canada | $1425.85

Own Shopify shares in just a few minutes.

Shopify Inc
NYSE: SHOP - USD
SOFTWARE-APPLICATION
$1,425.85
- $70.86 ( - 4.73%)

Shopify Inc is a software-application business based in the US. Shopify shares (SHOP) are listed on the NYSE and all prices are listed in US Dollars. Shopify employs 7,000 staff and has a trailing 12-month revenue of around USD$3.9 billion.

How to buy shares in Shopify

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SHOP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted Shopify's stock price?

Since the stock market crash in March caused by coronavirus, Shopify's stock price has had significant positive movement.

Its last market close was $1425.85, which is 63.48% up on its pre-crash value of $520.66 and 367.03% up on the lowest point reached during the March crash when the stocks fell as low as $305.3001.

If you had bought $1,000 worth of Shopify stocks at the start of February 2020, those stocks would have been worth $799.58 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $3,037.06.

Shopify stock price

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

Shopify shares at a glance

Information last updated 2021-10-22.
Latest market close$1,425.85
52-week range$875.00 - $1,650.00
50-day moving average $1,435.09
200-day moving average $1,371.35
Wall St. target price$2,068.31
PE ratio 73.2407
Dividend yield N/A (0%)
Earnings per share (TTM) $19.47

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Note: The dollar amounts in the table below are in Canadian dollars.

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Shopify price performance over time

Historical closes compared with the close of $1425.85 from 2021-10-22

1 week (2021-10-14) 1.36%
1 month (2021-09-24) -1.26%
3 months (2021-07-25) -4.62%
6 months (2021-04-23) 29.74%
1 year (2020-10-23) 38.94%
2 years (2019-10-24) 340.98%
3 years (2018-10-24) 1,066.15%
5 years (2016-10-24) 3,150.91%

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 73x. In other words, Shopify shares trade at around 73x 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 $531.6 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 $3.9 billion
Operating margin TTM 12.31%
Gross profit TTM $1.5 billion
Return on assets TTM 3.48%
Return on equity TTM 33.26%
Profit margin 63.65%
Book value $81.12
Market capitalisation $178.4 billion

TTM: trailing 12 months

Shorting Shopify shares

There are currently 1.7 million Shopify shares held short by investors – that's known as Shopify's "short interest". This figure is 5.9% 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 776211.7370892). Shopify's SIR currently stands at 2.13. In other words for every 100,000 Shopify shares traded daily on the market, roughly 2130 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 0.0256% of the tradable shares (for every 100,000 tradable Shopify shares, roughly 26 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.

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 $875 up to $1650. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 1.49)Avg. volatility(beta: 1.00)LowHigh

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 1.4873. 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.

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Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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