Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Shopify stock in Canada | $1205.74

Own Shopify shares in just a few minutes.

Compare Stock Trading Platforms See Current Price Now
Shopify Inc
NYSE: SHOP - USD
SOFTWARE-APPLICATION
$1,497.73
-$27.27 (-1.79%)
Updated . What changed?
Fact checked

Shopify is a software-application business based in the US. Shopify stocks (SHOP.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $1525 – a decrease of 2.99% over the previous week. Shopify employs 7,000 staff and has a trailing 12-month revenue of around $3.4 billion.

How to buy Shopify stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading 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 stocks. The platform should provide the latest information available.
  6. Buy your Shopify stocks. 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 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 $1205.74, which is 56.82% up on its pre-crash value of $520.66 and 294.94% 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 $2,568.23.

Shopify stock price

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

Shopify stocks at a glance

Information last updated 2021-07-28.
Latest market close$1205.74
52-week range$839.4 - $1650
50-day moving average $1462.4453
200-day moving average $1262.1914
Wall St. target price$1515.09
PE ratio 120.269
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
OFFER
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get a $50 bonus when you open a Wealthsimple Trade account and deposit and trade at least $100.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Go to site
More Info
Scotia iTRADE
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
Go to site
More Info
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.
Go to site
More Info
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
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
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.
Go to site
More Info
Questrade
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Go to site
More Info
Qtrade Direct Investing
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Trade 100 select ETFs free of charge.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
Go to site
More Info
loading

Compare up to 4 providers

Online stock trading

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 $1205.74

1 month (2021-07-01) -17.30%
3 months (2021-04-30) 1.96%

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 120x. In other words, Shopify stocks trade at around 120x 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 stocks 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$191.2 billion

TTM: trailing 12 months

How to short and sell Shopify stocks

  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 1.7 million Shopify stocks held short by investors – that's known as Shopify's "short interest". This figure is 1.6% down from 1.7 million last month.

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

Shopify's "short interest ratio" (SIR)

Shopify's "short interest ratio" (SIR) is the quantity of Shopify stocks currently shorted divided by the average quantity of Shopify stocks traded daily (recently around 1.7 million). Shopify's SIR currently stands at 1.03. In other words for every 100,000 Shopify stocks traded daily on the market, roughly 1030 stocks are currently held short.

However Shopify's short interest can also be evaluated against the total number of Shopify stocks, or, against the total number of tradable Shopify stocks (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 stocks (for every 100,000 Shopify stocks in existence, roughly 10 stocks are currently held short) or 0.0151% of the tradable stocks (for every 100,000 tradable Shopify stocks, roughly 15 stocks are currently held short).

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

Find out more about how you can short Shopify stock.

Shopify stock dividends

We're not expecting Shopify to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.

Shopify stock price volatility

Over the last 12 months, Shopify's stocks have ranged in value from as little as $839.4 up to $1650. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 1.44)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 1.4385. This would suggest that Shopify's stocks 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.

Stocks similar to Shopify

Tucows Inc

Tucows Inc

$77.76

-$0.89 (-1.13%)

Shopify in the news

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.

More on investing

More guides on Finder

Go to site