Shares of Shopify have moved 2.5% today, and are now trading at a price of $97.33. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 1,044,084 compared to the stock's average volume of 11,342,029.
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Based in Ottawa, Canada the company has 8,100 full time employees and a market cap of $125,779,566,592.
The company is now trading -19.42% away from its average analyst target price of $120.79 per share. The 45 analysts following the stock have set target prices ranging from $80.0 to $175.0, and on average give Shopify a rating of buy.
Over the last 52 weeks, SHOP stock has risen 31.9%, which amounts to a 22.0% difference compared to the S&P 500. The stock's 52 week high is $129.38 whereas its 52 week low is $48.56 per share. Based on Shopify's average net margin growth of 25.2% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 8,880,000 | 2,019,000 | 23 | 1050.0 |
| 2023 | 7,060,000 | 132,000 | 2 | 103.23 |
| 2022 | 5,600,000 | -3,460,000 | -62 | -198.41 |
| 2021 | 4,611,856 | 2,914,659 | 63 | 472.73 |
| 2020 | 2,929,491 | 319,509 | 11 | 237.5 |
| 2019 | 1,578,173 | -124,842 | -8 |
