19-Apr-2024
Biggest stock movers today: SHOP, NFLX, PARA, and more
Seeking Alpha News (Fri, 19-Apr 9:54 AM ET)
Netflix To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Friday
Benzinga (Fri, 19-Apr 9:11 AM ET)
4 stocks to watch on Friday: PG, AXP and more
Seeking Alpha News (Fri, 19-Apr 8:48 AM ET)
Biggest stock movers today: NFLX, PARA, and more
Seeking Alpha News (Fri, 19-Apr 8:10 AM ET)
Shopify rallies after Morgan Stanley says valuation is reasonable again
Seeking Alpha News (Fri, 19-Apr 7:35 AM ET)
Shopify Stock Buy Rating: A Vision of Sustained Growth and Margin Expansion Through 2025
TipRanks (Fri, 19-Apr 4:35 AM ET)
Analysts’ Top Technology Picks: Adyen (ADYYF), Western Digital (WDC)
TipRanks (Thu, 18-Apr 6:41 AM ET)
Shopify to Announce First-Quarter 2024 Financial Results May 8, 2024
Newsfile (Wed, 17-Apr 7:00 AM ET)
Shopify pits employees against each other to achieve higher pay - report
Seeking Alpha News (Tue, 16-Apr 5:26 PM ET)
Analysts Offer Insights on Technology Companies: Mitek Systems (MITK) and Shopify (SHOP)
TipRanks (Tue, 16-Apr 6:40 AM ET)
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Shopify Class A Subordinate Voting Shares trades on the NYSE stock market under the symbol SHOP.
As of April 19, 2024, SHOP stock price climbed to $69.67 with 9,805,171 million shares trading.
SHOP has a beta of 3.19, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.42 to the broad based SPY ETF.
SHOP has a market cap of $89.68 billion. This is considered a Large Cap stock.
Last quarter Shopify Class A Subordinate Voting Shares reported $2 billion in Revenue and $.34 earnings per share. This beat revenue expectation by $64 million and exceeded earnings estimates by $.03.
In the last 3 years, SHOP stock traded as high as $176.29 and as low as $23.63.
The top ETF exchange traded funds that SHOP belongs to (by Net Assets): ARKK, ARKF, CGGR, SKYY, CGXU.
SHOP has outperformed the market in the last year with a return of +41.6%, while the SPY ETF gained +21.2%. However, in the most recent history, SHOP shares have underperformed the stock market with its stock returning -10.1% in the last 3 month period and -6.9% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.
SHOP support price is $68.09 and resistance is $70.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHOP stock will trade within this expected range on the day.