Shopify Inc. provides a cloud-based and multi-channel commerce platform for small and medium-sized businesses. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web and mobile storefronts, social media storefronts, mobile apps, and physical retail locations; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
I think the future is bright for SHOP and the chart seems to be telling me that it is ready for another move up but i could be wrong...
Look at it this way>>Whatever happens tomorrow, this will be well north of 125 by year end. That's why I'm holding long.
Shopify slides after Citron criticizes marketing business model TORONTO (Reuters) - Shopify Inc (SHOP.TO) (SHOP.N) shares fell over 11 percent on Wednesday after short-seller Citron Research said the stock of the Canadian provider of online retailing software was overvalued, according to traders and analysts. Citron's Andrew Left criticized the company's marketing practices in a report, saying that it used a network of affiliates to promote its services. He set a price target of $60. The stock, which had been trading near all-time highs recently, was trading at $103.7 in New York and C$129.5 in Toronto. Representatives with 13-year-old Shopify, which has a market cap of over $11 billion and has yet to turn a profit, could not be immediately reached by phone or email for comment. In the past, Shopify has said partners are an important part of its business, and while it "can not expect every single merchant to succeed, we are confident that Shopify gives merchants the best chance at success." In its last quarterly report, it said it has more than half a million merchants using its software, including major brands like Visa Inc (V.N) and BuzzFeed. Trading volume was about five times its 90-day average in the United States and about double in Toronto.
There was a 5.5M share offering to institutions at 91M. No chance that breaks imo, but be mentally prepared for low 90s before bounce
Love to see this scam company heading back to the 40s. For every dollar of revenue, they spent 1.35 dollars to advertise, sounds decent doesn't it.
I'd argue that as a company trying to grow profits and users thats a pretty amazing return on your ad spending.
Shopify has a 10 bil market cap. If you think the best eCommerce platform out there will be worth more in a booming industry then buy and hold
