Shares of Shopify fell 3.33% to $1,234.52 at 10:36 EST on Wednesday, after two consecutive sessions in a row of gains. The New York Stock Exchange is rising 0.79% to $14,434.10, after two sequential sessions in a row of losses. This seems, up to now, a somewhat positive trend trading session today.
Shopify’s last close was $1,277.08, 4.10% below 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, "Shopify trades at about 350 times analyst expectations for forward earnings, while Etsy’s forward multiple is about 90 times. ", "Shares in Etsy Inc. and Shopify Inc., whose e-commerce platforms primarily cater to small businesses, have surged during the pandemic. "
Shopify’s sales growth is 79.4% for the current quarter and 66.1% for the next. The company’s growth estimates for the present quarter and the next is 195.3% and 200%, respectively.
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 $1,234.52 at 10:36 EST, under its 52-week high of $1,285.19 and way higher than its 52-week low of $305.30.
Shopify’s Moving Average
Shopify’s value is way higher than its 50-day moving average of $1,032.72 and way higher than its 200-day moving average of $993.08.