Shopify Stock Today
| SHOP Stock | CAD 101.86 3.37 3.42% |
Performance0 of 100
| Odds Of DistressLess than 9
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Shopify is selling at 101.86 as of the 5th of May 2024; that is 3.42 percent increase since the beginning of the trading day. The stock's open price was 98.49. Shopify has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Shopify are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Software & Services | Category Technology | Classification Information Technology |
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. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. The company has 1.21 B outstanding shares of which 7.28 M shares are at this time shorted by private and institutional investors with about 2.95 days to cover all short positions. More on Shopify
Moving together with Shopify Stock
| 0.78 | SGR-U | Slate Grocery REIT | PairCorr |
Moving against Shopify Stock
| 0.68 | BFM | Bedford Metals Corp | PairCorr |
| 0.56 | FEC | Frontera Energy Corp Earnings Call This Week | PairCorr |
| 0.46 | NA-PE | National Bank | PairCorr |
Shopify Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Shopify's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Shopify or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Tobias Lutke | ||||
| Business Concentration | Application Software, Software - Application, Information Technology, Information Technology, Software, Software—Application, Technology (View all Sectors) | ||||
Shopify's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Shopify's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Shopify's financial leverage. It provides some insight into what part of Shopify's total assets is financed by creditors.
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Shopify (SHOP) is traded on Toronto Exchange in Canada and employs 8,300 people. Shopify is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a current market capitalization of 131.12 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shopify's market, we take the total number of its shares issued and multiply it by Shopify's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Shopify operates under Software sector and is part of Information Technology industry. The entity has 1.21 B outstanding shares of which 7.28 M shares are at this time shorted by private and institutional investors with about 2.95 days to cover all short positions.
Shopify has accumulated about 1.65 B in cash with 944 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.48.
Check Shopify Probability Of Bankruptcy
Ownership AllocationShopify maintains a total of 1.21 Billion outstanding shares. Over half of Shopify's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Shopify. Please watch out for any change in the institutional holdings of Shopify as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Shopify Ownership Details
Shopify Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Shopify jumping above the current price in 90 days from now is about 62.39%. The Shopify probability density function shows the probability of Shopify stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 2.0266. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Shopify will likely underperform. Additionally, shopify has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Shopify to move above the current price in 90 days from now is about 62.39 (This Shopify probability density function shows the probability of Shopify Stock to fall within a particular range of prices over 90 days) .
Shopify Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Shopify market risk premium is the additional return an investor will receive from holding Shopify long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Shopify. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Shopify's alpha and beta are two of the key measurements used to evaluate Shopify's performance over the market, the standard measures of volatility play an important role as well.
Shopify Stock Against Markets
Picking the right benchmark for Shopify stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Shopify stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Shopify is critical whether you are bullish or bearish towards Shopify at a given time. Please also check how Shopify's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shopify without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Shopify Corporate Directors
Shopify corporate directors refer to members of a Shopify board of directors. The board of directors generally takes responsibility for the Shopify's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Shopify's board members must vote for the resolution. The Shopify board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Steven Collins | Independent Director | Profile | |
| Carrie Gillard | Director Relations | Profile | |
| Thomas Epting | Director Network | Profile | |
| Robert Ashe | Lead Independent Director | Profile |
How to buy Shopify Stock?
Before investing in Shopify, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Shopify. To buy Shopify stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Shopify. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Shopify stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Shopify stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Shopify stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Shopify, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Shopify Stock please use our How to Invest in Shopify guide.
Already Invested in Shopify?
The danger of trading Shopify is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Shopify is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Shopify. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shopify is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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