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How to buy Shopify stock in Canada

Learn how to buy Shopify stock in 5 easy steps.

Latest updates

Friday, May 6:
  • By midday, SHOP shares were down 17%. So far this year there’s been a 70-per-cent drop in the company’s share price.

Thursday, May 5:

  • Shopify announced its Q1 results, which revealed that the company took a loss of US$1.5 billion. The company also confirmed the rumour that they had acquired Deliverr Inc., a logistics firm, for US$2.1 billion.

Wednesday, Apr. 20:

  • Shopify announced it is asking its shareholders for a 10-for-1 stock split. If approved, this would come into effect in June 2022 and would create a third class of shares for CEO Tobi Lütke, allowing him more voting power.
  • Other companies like Amazon and Alphabet also announced stock splits earlier this year.

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 $44.96 – an increase of 0.65% over the previous week. Shopify employs 11,600 staff and has a trailing 12-month revenue of around $5.6 billion.

How to buy Shopify stock

  1. Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – SHOP. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

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Shopify stock price (NYSE:SHOP)

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

Shopify shares at a glance

Information last updated 2023-03-22.
Latest market close$44.96
52-week range$23.63 - $75.88
50-day moving average $44.31
200-day moving average $36.73
Wall St. target price$48.89
PE ratio N/A
Dividend yield $0 (0%)
Earnings per share (TTM) $-2.68

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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 close of $44.96 from 2023-03-22

1 week (2023-03-17) 0.63%
1 month (2023-02-24) 10.33%
3 months (2022-12-23) 33.37%
6 months (2022-09-23) 56.33%
1 year (2022-03-24) -93.62%
2 years (2021-03-24) -95.93%
3 years (2020-03-24) 430
5 years (2018-03-23) 141.66

Is Shopify stock undervalued or overvalued?

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 financials

Revenue TTM $5.6 billion
Gross profit TTM $2.8 billion
Return on assets TTM -2.47%
Return on equity TTM -35.72%
Profit margin -61.79%
Book value $6.46
Market capitalisation $59.4 billion

TTM: trailing 12 months

Shopify share dividends

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

Have Shopify's shares ever split?

Shopify's shares were split on a 10:1 basis on 29 June 2022. So if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Shopify shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Shopify shares which in turn could have impacted Shopify's share price.

Shopify share price volatility

Over the last 12 months, Shopify's shares have ranged in value from as little as $23.6304 up to $75.878. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 2.04)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 2.0372. This would suggest that Shopify's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Shopify overview

Shopify Inc. , a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through 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, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011.

Frequently asked questions


Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, 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 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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