Shares of Shopify dropped 4.21% to $1,223.31 at 11:36 EST on Wednesday, after two sequential sessions in a row of gains. The New York Stock Exchange is jumping 0.9% to $14,449.70, after two successive sessions in a row of losses. This seems, so far, a somewhat positive trend trading session today.
Shopify's last close was $1,277.08, 5.06% under its 52-week high of $1,285.19.
News about Shopify today
Etsy, Shopify buoyed as virus boosts online sales. According to today's article on The Wall Street Journal, "The lofty valuations for Etsy and Shopify reflect speculation that sales growth will continue at a brisk pace and that some consumer behaviors that changed during the Covid-19 pandemic will endure. ", "Etsy has more than quadrupled this year, while Shopify has tripled."
Shopify's Sales
Shopify's sales growth is 79.4% for the ongoing quarter and 66.1% for the next. The company's growth estimates for the ongoing quarter and the next is 195.3% and 200%, respectively.
Shopify's Revenue
Year-on-year quarterly revenue growth grew by 96.5%, now sitting on 2.46B for the twelve trailing months.
Shopify's Stock Yearly Top and Bottom Value
Shopify's stock is valued at $1,223.31 at 11:36 EST, under its 52-week high of $1,285.19 and way higher than its 52-week low of $305.30.