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How to buy Shopify stock in Canada | $1245.1

Own Shopify shares in just a few minutes.

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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 $1245.1 – a decrease of 13.23% over the previous week. Shopify employs 7,000 staff and has a trailing 12-month revenue of around $3.4 billion.

How to buy shares in Shopify

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: SHOP in this case.
  5. Research Shopify shares. The platform should provide the latest information available.
  6. Buy your Shopify shares. It's that simple.

What's in this guide?

  1. Can I buy shares in Shopify?
  2. Has coronavirus impacted Shopify shares?
  3. Shopify shares summary
  4. Compare share dealing platforms
  5. Is Shopify stock a buy or sell?
  6. Shopify performance over time
  7. Can I short Shopify shares?
  8. Are Shopify shares over-valued?
  9. Shopify's financials
  10. How volatile are Shopify shares?
  11. Does Shopify pay a dividend?
  12. 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 $1245.1, which is 58.18% up on its pre-crash value of $520.66 and 307.83% 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 $2,652.06.

Shopify share price

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

Shopify shares at a glance

Information last updated 2021-05-14.
Latest market close$1245.1
52-week range$685 - $1499.75
50-day moving average $1141.9774
200-day moving average $1141.2758
Wall St. target price$1484.89
PE ratio 83.1037
Dividend yield N/A (0%)
Earnings per share (TTM) $12.788

Compare online stock trading platforms

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

Name Product Available asset types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
Wealthsimple Trade
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$0
N/A
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Free
Deposit and trade $100 and get a $50 bonus.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
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CIBC Investor's Edge
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
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Interactive Brokers
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0 (if monthly commissions are greater than or equal to US$10.00)
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Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
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Questrade
Questrade
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Qtrade Investor
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Scotia iTRADE
Scotia iTRADE
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$4.99-$9.99
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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 $1245.1

1 month (2021-04-15) 3.04%
3 months (2021-02-12) -14.45%
6 months (2020-11-13) 35.59%
1 year (2020-05-15) 62.33%
2 years (2019-05-15) 371.34%
3 years (2018-05-15) 773.75%
5 years (2016-05-13) 4,636.02%

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 83x. In other words, Shopify shares trade at around 83x 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$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 USD$3.4 billion
Operating margin TTM 10.51%
Gross profit TTM USD$1.5 billion
Return on assets TTM 3.17%
Return on equity TTM 26.42%
Profit margin 46.67%
Book value $73.531
Market capitalisation USD$132.7 billion

TTM: trailing 12 months

How to short and sell Shopify shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "SHOP.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 1.4 million Shopify shares held short by investors – that's known as Shopify's "short interest". This figure is 23.8% 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 1.1. In other words for every 100,000 Shopify shares traded daily on the market, roughly 1100 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 0.0214% of the tradable shares (for every 100,000 tradable Shopify shares, roughly 21 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 $685 up to $1499.75. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 1.43)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 1.4305. 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. Shopify Inc. was incorporated 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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