How to buy Shopify shares in Ireland | $1067.21

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 5,000 staff and has a trailing 12-month revenue of around USD$2.5 billion.

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How to buy shares in Shopify from Ireland

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Shopify Find the stock by name or ticker symbol: SHOP. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Shopify reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$1067.21, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Shopify, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Shopify. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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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 USD$1067.21, which is 51.21% up on its pre-crash value of USD$520.66 and 249.56% up on the lowest point reached during the March crash when the shares fell as low as USD$305.3001.

If you had bought USD$1,000 worth of Shopify shares at the start of February 2020, those shares would have been worth USD$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 USD$2,273.16.

Shopify share price

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.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

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 727x. In other words, Shopify shares trade at around 727x 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.

Shorting Shopify shares

There are currently 1.0 million Shopify shares held short by investors – that's known as Shopify's "short interest". This figure is 32.8% 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 1.3 million). Shopify's SIR currently stands at 0.81. In other words for every 100,000 Shopify shares traded daily on the market, roughly 810 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 0.0169% of the tradable shares (for every 100,000 tradable Shopify shares, roughly 17 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.

Frequently asked questions

• What percentage of Shopify is owned by insiders or institutions?

  Currently 0.402% of Shopify shares are held by insiders and 67.333% by institutions.

• How many people work for Shopify?

  Latest data suggests 5,000 work at Shopify.

• When does the fiscal year end for Shopify?

  Shopify's fiscal year ends in December.

• Where is Shopify based?

  Shopify's address is: 150 Elgin Street, Ottawa, ON, Canada, K2P 1L4

• What is Shopify's ISIN number?

  Shopify's international securities identification number is: CA82509L1076

• What is Shopify's CUSIP number?

  Shopify's Committee on Uniform Securities Identification Procedures number is: 82509L107