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How to buy Shopify stock in Canada | $1067.21
Own Shopify shares in just a few minutes.
Updated . What changed?
Fact checked
Shopify Inc is a software-application business based in the US. Shopify shares (SHOP.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $1067.21 – the same closing value as a week prior. Shopify employs 5,000 staff and has a trailing 12-month revenue of around $2.5 billion.
How to buy shares in Shopify
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: SHOP in this case.
- Research Shopify shares. The platform should provide the latest information available.
- Buy your Shopify shares. It's that simple.
What's in this guide?
- Can I buy shares in Shopify?
- Has coronavirus impacted Shopify shares?
- Shopify shares summary
- Compare share dealing platforms
- Is Shopify stock a buy or sell?
- Shopify performance over time
- Can I short Shopify shares?
- Are Shopify shares over-valued?
- Shopify's financials
- How volatile are Shopify shares?
- Does Shopify pay a dividend?
- Other common questions
How has Coronavirus impacted Shopify's share price?
Since the stock market crash in March caused by coronavirus, Shopify's share price has had significant positive movement.
Its last market close was $1067.21, which is 51.21% up on its pre-crash value of $520.66 and 249.56% up on the lowest point reached during the March crash when the shares fell as low as $305.3001.
If you had bought $1,000 worth of Shopify shares at the start of February 2020, those shares 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 $2,273.16.
Shopify share price
Use our graph to track the performance of SHOP stocks over time.Shopify shares at a glance
Information last updated 2021-01-19.
| Latest market close | $1067.21 |
|---|---|
| 52-week range | $305.3001 - $1285.1851 |
| 50-day moving average | $1133.9479 |
| 200-day moving average | $1031.7848 |
| Wall St. target price | $1153.64 |
| PE ratio | 713.6165 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $1.619 |
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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.
Shopify price performance over time
Historical closes compared with the last close of $1067.21
| 1 week (2021-01-13) | -11.05% |
|---|---|
| 1 month (2020-12-18) | -8.86% |
| 3 months (2020-10-20) | 1.01% |
| 6 months (2020-07-20) | 5.73% |
| 1 year (2020-01-17) | 134.61% |
|---|---|
| 2 years (2019-01-18) | 573.62% |
| 3 years (2018-01-19) | 824.15% |
| 5 years (2016-01-20) | 5,098.30% |
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 714x. In other words, Shopify shares trade at around 714x 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 USD$59.2 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 | USD$2.5 billion |
|---|---|
| Operating margin TTM | 0.07% |
| Gross profit TTM | USD$865.6 million |
| Return on assets TTM | 0.02% |
| Return on equity TTM | 4.37% |
| Profit margin | 7.99% |
| Book value | $50.666 |
| Market capitalisation | USD$141.8 billion |
TTM: trailing 12 months
How to short and sell Shopify shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "SHOP.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 1.1 million Shopify shares held short by investors – that's known as Shopify's "short interest". This figure is 22.4% down from 1.5 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 1.5 million). Shopify's SIR currently stands at 0.78. In other words for every 100,000 Shopify shares traded daily on the market, roughly 780 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 0.0185% of the tradable shares (for every 100,000 tradable Shopify shares, roughly 19 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. However, you can browse other dividend-paying shares in our guide.
Shopify share price volatility
Over the last 12 months, Shopify's shares have ranged in value from as little as $305.3001 up to $1285.1851. 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 1.5951. 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 cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
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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