Is Shopify stock a Buy Right Now?
This means that, if you buy Shopify today, you’d be paying a relatively reasonable price for it. Keep in-mind that a P/E of 33x implies a lot of future growth, which we should watch over to make sure is being delivered.
Should you buy Shopify stock?
© Getty Images A business owner using an e-commerce application to manage orders and ship products. Long-term shareholders should be very happy with Shopify. The stock has returned 500% in the past five years. That's fantastic. Yet those returns had eclipsed 2,100% before the recent downturn.
Is Shopify stock getting ahead of its fundamentals?
Shopify stock (NYSE: SHOP) has declined by almost 35% year to date, considerably underperforming the broader Nasdaq-100, which has declined about 8% over the same period. The stock is also down by about 48% off all-time highs seen in early November, trading at levels of around $885 currently. So what’s really changed for Shopify?
Is Shopify a good investment?
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What is Shopify price target?
Stock Price Target SHOPHigh$84.47Median$45.00Low$30.00Average$47.00Current Price$40.33
Will Shopify pay a dividend?
Does Shopify pay dividends? No, we have never declared or paid any dividends and we do not anticipate paying any cash dividends in the foreseeable future. We currently intend to retain future earnings, if any, to finance operations and expand our business.
What is the 52 week high for Shopify?
Performance OutlookPrevious Close35.91Day's Range33.75 - 36.6552 Week Range29.72 - 176.29Volume31,456,904Avg. Volume42,755,7903 more rows
Who owns the most Shopify stock?
Top 10 Owners of Shopify IncStockholderStakeShares ownedMorgan Stanley Investment Managem...2.46%28,056,550The Vanguard Group, Inc.2.25%25,660,710Fidelity Management & Research Co...1.93%22,018,940Sands Capital Management LLC1.86%21,275,8106 more rows
Who is Shopify's biggest competitor?
The best Shopify competitors on the ecommerce scene are:Wix.Squarespace.Square Online.BigCommerce.Volusion.WooCommerce.
Which stock has the highest dividend?
9 highest dividend-paying stocks in the S&P 500:AT&T Inc. (T)Williams Cos. Inc. (WMB)Devon Energy Corp. (DVN)Oneok Inc. (OKE)Simon Property Group Inc. (SPG)Kinder Morgan Inc. (KMI)Vornado Realty Trust (VNO)Altria Group Inc. (MO)More items...•
Is Shopify a sell?
The best online selling platform is Shopify. Other great online selling platforms include: BigCommerce.
What is Shopify used for?
With Shopify, merchants can build and customize an online store and sell in multiple places, including web, mobile, in person, brick-and-mortar locations, and pop-up shops and across multiple channels from social media to online marketplaces.
Who owns Shoppay?
ShopifyOwned by Shopify, Shop Pay is an online checkout system that small businesses can use to help customers pay faster by automatically remembering and applying their contact and payment information.
Why is Shopify stock plunged?
On Tuesday, Shopify announced layoffs for 10% of its workforce, and less than a day later, the company reduced its financial outlook for the rest of the year. The resulting stock plunge places Shopify shares 79% off their pandemic highs.
Did Shopify stock split?
Shopify (SHOP -0.53%) completed its 10-for-1 stock split on June 29.
What ETF holds Shopify?
Shopify, Inc. Class A is a company in the U.S. stock market and it is a holding in 71 U.S.-traded ETFs. SHOP has around 1.3M shares in the U.S. ETF market. The largest ETF holder of SHOP is the ARK Innovation ETF (ARKK), with approximately 600.65K shares.
Should I buy or sell Shopify stock right now?
36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 15 hold rati...
What is Shopify's stock price forecast for 2022?
36 Wall Street analysts have issued 12-month target prices for Shopify's shares. Their forecasts range from $400.00 to $2,000.00. On average, they...
How has Shopify's stock performed in 2022?
Shopify's stock was trading at $1,377.39 at the start of the year. Since then, SHOP shares have decreased by 74.7% and is now trading at $348.43....
When is Shopify's next earnings date?
Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022. View our earnings forecast for Shopify .
How were Shopify's earnings last quarter?
Shopify Inc. (NYSE:SHOP) issued its earnings results on Thursday, May, 5th. The software maker reported $0.20 earnings per share (EPS) for the quar...
When did Shopify's stock split? How did Shopify's stock split work?
Shares of Shopify split before market open on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly created...
Who are Shopify's key executives?
Shopify's management team includes the following people: Mr. Tobias Lütke , Founder, Chairman & CEO (Age 41, Pay $1) Mr. Harley Finkelstein , P...
What is Tobias Lütke's approval rating as Shopify's CEO?
468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com . Tobias Lütke has an approval rating of 93% among Shopify's employees. This pu...
Who are some of Shopify's key competitors?
Some companies that are related to Shopify include Oracle (ORCL) , Salesforce (CRM) , Intuit (INTU) , ServiceNow (NOW) , NetEase (NTES) , Act...
Is Shopify stock a Buy, Sell or Hold?
Shopify stock has received a consensus rating of hold. The average rating score is and is based on 40 buy ratings, 41 hold ratings, and 0 sell rati...
What was the 52-week low for Shopify stock?
The low in the last 52 weeks of Shopify stock was 308.60. According to the current price, Shopify is 112.91% away from the 52-week low.
What was the 52-week high for Shopify stock?
The high in the last 52 weeks of Shopify stock was 1,762.21. According to the current price, Shopify is 19.77% away from the 52-week high.
What are analysts forecasts for Shopify stock?
The 81 analysts offering price forecasts for Shopify have a median target of 1,207.52, with a high estimate of 1,900.00 and a low estimate of 400.0...
How much of Shopify stock is held by institutions?
What is Shopify software?
59.83% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
What is the P/E ratio of Shopify?
Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded by Tobias Albin Lütke, Daniel Weinand, and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.
Where does Shopify trade?
The P/E ratio of Shopify is 60.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 77.14.
Does Shopify pay dividends?
Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."
What is Shopify ecommerce?
Shopify does not currently pay a dividend.
How many articles has The Fool written on Shopify?
Shopify's e-commerce platform allows merchants of all sizes to build an online presence, including storefronts and fulfillment, payment, and shipping services.
How much will online retail sales be in 2023?
The Fool has written over 900 articles on Shopify.
What is Shopify platform?
Online retail sales are expected to jump to 21% by 2023, which provides a huge tailwind for this SaaS company's business model.
Where is Shopify headquartered?
It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.
How many websites will be on Shopify in 2021?
Fiscal Q1 2021 ended 3/31/21. Reported on 4/27/21. Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
What is the average rating of Shopify?
According to Builtwith, 1.58 million websites run on Shopify as of 2021. The total gross merchandise volume exceeded US$61 billion for calendar 2019. As of 2021, Shopify is the largest publicly traded Canadian company by market capitalization.
What is Shopify Inc?
Shopify has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
What is the P/B ratio of Shopify?
Shopify Inc., a commerce company, provides a commerce platform and services in Canada , the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
Where does Shopify trade?
Shopify has a P/B Ratio of 22.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Does Shopify pay dividends?
Shopify trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SHOP."
