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Analysis
Shopify Inc. (SHOP)
Shopify Inc. (SHOP)
Ranking:
Buy
Implies positive momentum
Stock Name: Shopify Inc.
Symbol: SHOP
Market Cap: $143.72B
Industry: Software - Application
Sector: Technology
Website: https://www.shopify.com
About Shopify Inc.

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. The company's platform enables merchants to displays, manages, markets, and sells its products through 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, manage cash, payments and transactions, and access financing Please visit their website for more information.

Overview:
Last Close: $112.98
52 Week: $52.26-$115.60
MVA50: 92.13
MVA200: 76.78
RSI: 74.19
Buy/Sell*: 71.97
1-Month change: 26.84%
3-Month change: 46.95%
*Proprietary Buy Sell Volume Indicator
Price Chart For SHOP
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions.

Financial Parameters Most Recent Quarter: 2024-09-30
Revenue: $2.16B
Revenue Growth (YOY): 26.14%
Profit (% of Rev): 51.71%
Income (% of Rev): 38.30%
Income Growth (YOY): 15.32%
Operating Income: $283M
Operating Cash Flow: $423M
Annual Dividend Yield: 0.00%
Total Assets: $12.33B
Total Liabilities: $2.21B
Cash & Equivalent: $1.51B
Total Debt: $1.14B
Debt/Equity: 0.09
Quick Ratio: 7.10
Current Ratio: 7.10
Price/Book: 10.22
Price/Earnings: 31.23
EBITDA: $291M
EPS: 0.64
:

Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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