SHOP Stock Summary and Trading Ideas (Shopify Class A Subordinate Voting Shares | NYSE:SHOP)

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 November 14, 2024, SHOP stock price declined to $109.08 with 12,217,116 million shares trading.

SHOP has a beta of 1.80, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.18 to the broad based SPY ETF.

SHOP has a market cap of $140.76 billion. This is considered a Large Cap stock.

Last quarter Shopify Class A Subordinate Voting Shares reported $2 billion in Revenue and $.35 earnings per share. This beat revenue expectation by $52 million and exceeded earnings estimates by $.08.

In the last 3 years, SHOP 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, CGGR, ARKF, CGXU, SKYY.

SHOP has outperformed the market in the last year with a price return of +75.0% while the SPY ETF gained +36.4%. SHOP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +56.1% and +36.3%, respectively, while the SPY returned +9.8% and +2.3%, respectively.

SHOP support price is $113.04 and resistance is $117.14 (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 shares will trade within this expected range on the day.