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How to buy Shopify (SHOP) shares

Learn how to easily invest in Shopify shares.

Shopify Inc (SHOP) is a leading software-application business based in the US. It opened the day at USD$28.67 after a previous close of USD$28.76. During the day the price has varied from a low of USD$28.24 to a high of USD$29.94. The latest price was USD$28.25 (25 minute delay). Shopify is listed on the NYSE and employs 10,000 staff. All prices are listed in US Dollars.

How to buy shares in Shopify

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SHOP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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Shopify shares at a glance

Information last updated 2022-09-26.
Open$28.67
High$29.94
Low$28.24
Close$28.25
Previous close$28.76
Change $-0.51
Change % -1.7733%
Volume 24,820,525
Information last updated 2022-09-18.
52-week range$29.07 - $176.29
50-day moving average $35.05
200-day moving average $63.59
Wall St. target price$77.86
PE ratio 244.0769
Dividend yield $0 (0%)
Earnings per share (TTM) $0.13

Shopify stock price (NYSE:SHOP)

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

Shopify price performance over time

Historical closes compared with the close of $28.25 from 2022-09-23

1 week (2022-09-20) -8.72%
1 month (2022-08-26) -12.86%
3 months (2022-06-27) -92.43%
6 months (2022-03-24) -95.99%
1 year (2021-09-27) -98.04%
2 years (2020-09-25) -97.06%
3 years (2019-09-27) 305.69
5 years (2017-09-26) 113.38

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 244x. In other words, Shopify shares trade at around 244x 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 financials

Revenue TTM $5 billion
Gross profit TTM $2.5 billion
Return on assets TTM -1.18%
Return on equity TTM -20.19%
Profit margin -38.01%
Book value $6.90
Market capitalisation $40.2 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 $29.07 up to $176.2919. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 1.82)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 1.8166. 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, 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 involve substantial risk of loss and therefore are not appropriate for all investors. 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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