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 January 3, 2025, SHOP stock price climbed to $109.25 with 2,759,572 million shares trading.

SHOP has a beta of 1.26, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.08 to the broad based SPY ETF.

SHOP has a market cap of $141.16 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 $137.00 and as low as $23.63.

The top ETF exchange traded funds that SHOP belongs to (by Net Assets): ARKK, CGGR, ARKF, CGXU, ARKW.

SHOP has outperformed the market in the last year with a price return of +52.1% while the SPY ETF gained +27.8%. SHOP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +39.8% and +0.3%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

SHOP support price is $104.85 and resistance is $110.21 (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.