25 XP 0   0   10  
0coffee
Main menu
3rd party ad coffee SUPPORTERis ad-free.

SHOP (Shopify) Stock Analysis
Buy, Hold or Sell?

Let's analyze Shopify together

I guess you are interested in Shopify Inc. Class A Subordinate Voting Shares. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Shopify’s Financial Insights
  • 📈 Technical Analysis (TA) – Shopify’s Price Targets

I'm going to help you getting a better view of Shopify Inc. Class A Subordinate Voting Shares. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Get notifications about Shopify Inc. Class A Subordinate Voting Shares

I send you an email if I find something interesting about Shopify Inc. Class A Subordinate Voting Shares.

1. Quick Overview

1.1. Quick analysis of Shopify (30 sec.)










1.2. What can you expect buying and holding a share of Shopify? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$8.53
Expected worth in 1 year
$10.15
How sure are you?
65.0%

+ What do you gain per year?

Total Gains per Share
$1.62
Return On Investment
1.4%

For what price can you sell your share?

Current Price per Share
$114.32
Expected price per share
$100.49 - $129.38
How sure are you?
50%
3rd party ad coffee SUPPORTERis ad-free.

2. Detailed Analysis

2.1. Valuation of Shopify (5 min.)




Live pricePrice per Share (EOD)
$114.32
Intrinsic Value Per Share
$6.02 - $23.93
Total Value Per Share
$14.55 - $32.47

2.2. Growth of Shopify (5 min.)




Is Shopify growing?

Current yearPrevious yearGrowGrow %
How rich?$11b$8.4b$2b19.6%

How much money is Shopify making?

Current yearPrevious yearGrowGrow %
Making money$402.5m-$52.2m$454.7m113.0%
Net Profit Margin15.9%-4.9%--

How much money comes from the company's main activities?

2.3. Financial Health of Shopify (5 min.)




3rd party ad coffee SUPPORTERis ad-free.

3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Shopify?

Welcome investor! Shopify's management wants to use your money to grow the business. In return you get a share of Shopify.

First you should know what it really means to hold a share of Shopify. And how you can make/lose money.

Speculation

The Price per Share of Shopify is $114.32. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Shopify.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Shopify, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $8.53. Based on the TTM, the Book Value Change Per Share is $0.41 per quarter. Based on the YOY, the Book Value Change Per Share is $0.09 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Shopify.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.53-0.5%0.310.3%-0.040.0%-0.040.0%0.050.0%0.020.0%
Usd Book Value Change Per Share-0.40-0.3%0.410.4%0.090.1%0.060.1%0.300.3%0.210.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.40-0.3%0.410.4%0.090.1%0.060.1%0.300.3%0.210.2%
Usd Price Per Share95.48-87.00-68.56-63.59-492.19-316.56-
Price to Earnings Ratio-45.34-34.57--10.92-20.20-637.98-2,862.33-
Price-to-Total Gains Ratio-240.57-102.36--205.14--30.82--665.15-4,212.83-
Price to Book Ratio11.19-10.69-10.48-8.82-75.92-109.27-
Price-to-Total Gains Ratio-240.57-102.36--205.14--30.82--665.15-4,212.83-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share114.32
Number of shares8
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.410.30
Usd Total Gains Per Share0.410.30
Gains per Quarter (8 shares)3.252.41
Gains per Year (8 shares)12.999.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
101330100
20261601910
30392902920
40524203930
50655504840
60786805850
70918106860
801049407770
9011710708780
10013012009790

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%6.06.00.050.0%12.08.00.060.0%15.025.00.037.5%15.031.00.032.6%
Book Value Change Per Share3.01.00.075.0%6.06.00.050.0%12.08.00.060.0%26.014.00.065.0%27.017.02.058.7%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.046.00.0%
Total Gains per Share3.01.00.075.0%6.06.00.050.0%12.08.00.060.0%26.014.00.065.0%27.017.02.058.7%
3rd party ad coffee SUPPORTERis ad-free.

3.2. Key Performance Indicators

The key performance indicators of Shopify Inc. Class A Subordinate Voting Shares compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.3970.406-198%0.090-540%0.064-725%0.302-232%0.212-287%
Book Value Per Share--8.5318.072+6%6.529+31%7.098+20%6.984+22%3.980+114%
Current Ratio--3.7065.460-32%7.018-47%6.793-45%10.021-63%9.729-62%
Debt To Asset Ratio--0.1750.179-2%0.209-16%0.202-13%0.184-5%0.183-4%
Debt To Equity Ratio--0.2130.218-3%0.265-20%0.255-17%0.227-6%0.219-3%
Dividend Per Share----0%-0%-0%-0%-0%
Enterprise Value--126847595960.000115828465009.050+10%91211260347.500+39%85012478464.683+49%625135136080.310-80%398856153039.971-68%
Eps---0.5260.310-270%-0.044-92%-0.038-93%0.047-1212%0.017-3258%
Ev To Ebitda Ratio--150.293101.242+48%103.216+46%50.554+197%716.577-79%-892.128+694%
Ev To Sales Ratio--13.43712.292+9%12.287+9%10.914+23%148.713-91%163.643-92%
Free Cash Flow Per Share--0.2800.333-16%0.203+38%0.185+51%0.147+91%0.070+300%
Free Cash Flow To Equity Per Share--0.3260.356-8%0.214+52%0.197+65%0.362-10%0.235+39%
Gross Profit Margin--1.5940.465+243%1.168+36%0.747+113%0.564+183%0.330+384%
Intrinsic Value_10Y_max--23.934----------
Intrinsic Value_10Y_min--6.021----------
Intrinsic Value_1Y_max--0.981----------
Intrinsic Value_1Y_min--0.337----------
Intrinsic Value_3Y_max--4.029----------
Intrinsic Value_3Y_min--1.250----------
Intrinsic Value_5Y_max--8.378----------
Intrinsic Value_5Y_min--2.415----------
Market Cap139257768458.240+11%123682595960.000112876215009.050+10%88458510347.500+40%82090274798.017+51%621300892580.310-80%396484247364.971-69%
Net Profit Margin---0.2890.159-281%-0.049-83%-0.077-74%0.055-628%-0.012-96%
Operating Margin--0.0860.125-31%0.019+344%-0.025+129%0.151-43%0.030+183%
Operating Ratio--0.9140.875+4%1.178-22%1.071-15%1.025-11%1.059-14%
Pb Ratio13.400+16%11.19210.693+5%10.484+7%8.821+27%75.919-85%109.269-90%
Pe Ratio-54.284-20%-45.33834.574-231%-10.918-76%20.201-324%637.980-107%2862.327-102%
Price Per Share114.320+16%95.48087.000+10%68.560+39%63.589+50%492.190-81%316.558-70%
Price To Free Cash Flow Ratio101.989+16%85.18166.976+27%110.234-23%63.532+34%1477.421-94%4782.467-98%
Price To Total Gains Ratio-288.044-20%-240.574102.361-335%-205.139-15%-30.817-87%-665.154+176%4212.827-106%
Quick Ratio--5.6788.072-30%10.798-47%10.251-45%15.407-63%15.440-63%
Return On Assets---0.0510.031-264%-0.008-84%-0.007-86%0.004-1310%-0.006-89%
Return On Equity---0.0620.038-264%-0.012-81%-0.010-84%0.004-1662%-0.007-88%
Total Gains Per Share---0.3970.406-198%0.090-540%0.064-725%0.302-232%0.212-287%
Usd Book Value--11051000000.00010474750000.000+6%8426500000.000+31%9142594666.667+21%8923662750.000+24%5055731950.000+119%
Usd Book Value Change Per Share---0.3970.406-198%0.090-540%0.064-725%0.302-232%0.212-287%
Usd Book Value Per Share--8.5318.072+6%6.529+31%7.098+20%6.984+22%3.980+114%
Usd Dividend Per Share----0%-0%-0%-0%-0%
Usd Enterprise Value--126847595960.000115828465009.050+10%91211260347.500+39%85012478464.683+49%625135136080.310-80%398856153039.971-68%
Usd Eps---0.5260.310-270%-0.044-92%-0.038-93%0.047-1212%0.017-3258%
Usd Free Cash Flow--363000000.000432000000.000-16%262750000.000+38%239813416.667+51%188763900.000+92%90376975.000+302%
Usd Free Cash Flow Per Share--0.2800.333-16%0.203+38%0.185+51%0.147+91%0.070+300%
Usd Free Cash Flow To Equity Per Share--0.3260.356-8%0.214+52%0.197+65%0.362-10%0.235+39%
Usd Market Cap139257768458.240+11%123682595960.000112876215009.050+10%88458510347.500+40%82090274798.017+51%621300892580.310-80%396484247364.971-69%
Usd Price Per Share114.320+16%95.48087.000+10%68.560+39%63.589+50%492.190-81%316.558-70%
Usd Profit---682000000.000402500000.000-269%-52250000.000-92%-43141166.667-94%63695150.000-1171%24086725.000-2931%
Usd Revenue--2360000000.0002344750000.000+1%1853250000.000+27%1891331500.000+25%1548566200.000+52%883081150.000+167%
Usd Total Gains Per Share---0.3970.406-198%0.090-540%0.064-725%0.302-232%0.212-287%
 EOD+4 -4MRQTTM+15 -23YOY+23 -153Y+22 -165Y+16 -2210Y+19 -19

3.3 Fundamental Score

Let's check the fundamental score of Shopify Inc. Class A Subordinate Voting Shares based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-54.284
Price to Book Ratio (EOD)Between0-113.400
Net Profit Margin (MRQ)Greater than0-0.289
Operating Margin (MRQ)Greater than00.086
Quick Ratio (MRQ)Greater than15.678
Current Ratio (MRQ)Greater than13.706
Debt to Asset Ratio (MRQ)Less than10.175
Debt to Equity Ratio (MRQ)Less than10.213
Return on Equity (MRQ)Greater than0.15-0.062
Return on Assets (MRQ)Greater than0.05-0.051
Total5/10 (50.0%)

3.4 Technical Score

Let's check the technical score of Shopify Inc. Class A Subordinate Voting Shares based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.484
Ma 20Greater thanMa 50111.685
Ma 50Greater thanMa 100106.605
Ma 100Greater thanMa 200103.037
OpenGreater thanClose113.170
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Shopify Inc. Class A Subordinate Voting Shares

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. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. Shopify Inc. was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

Fundamental data was last updated by Penke on 2025-06-29 00:08:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
3rd party ad coffee SUPPORTERis ad-free.

4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Shopify earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Shopify to the Software - Application industry mean.
  • A Net Profit Margin of -28.9% means that $-0.29 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is -28.9%. The company is making a huge loss. -2
  • The TTM is 15.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-28.9%TTM15.9%-44.8%
TTM15.9%YOY-4.9%+20.8%
TTM15.9%5Y5.5%+10.5%
5Y5.5%10Y-1.2%+6.7%
4.3.1.2. Return on Assets

Shows how efficient Shopify is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Shopify to the Software - Application industry mean.
  • -5.1% Return on Assets means that Shopify generated $-0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is -5.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 3.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-5.1%TTM3.1%-8.2%
TTM3.1%YOY-0.8%+3.9%
TTM3.1%5Y0.4%+2.7%
5Y0.4%10Y-0.6%+1.0%
4.3.1.3. Return on Equity

Shows how efficient Shopify is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Shopify to the Software - Application industry mean.
  • -6.2% Return on Equity means Shopify generated $-0.06 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is -6.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 3.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-6.2%TTM3.8%-9.9%
TTM3.8%YOY-1.2%+4.9%
TTM3.8%5Y0.4%+3.4%
5Y0.4%10Y-0.7%+1.1%
3rd party ad coffee SUPPORTERis ad-free.

4.3.2. Operating Efficiency of Shopify Inc. Class A Subordinate Voting Shares.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Shopify is operating .

  • Measures how much profit Shopify makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Shopify to the Software - Application industry mean.
  • An Operating Margin of 8.6% means the company generated $0.09  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 8.6%. The company is operating less efficient.
  • The TTM is 12.5%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ8.6%TTM12.5%-3.9%
TTM12.5%YOY1.9%+10.6%
TTM12.5%5Y15.1%-2.6%
5Y15.1%10Y3.0%+12.1%
4.3.2.2. Operating Ratio

Measures how efficient Shopify is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Application industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 0.914. The company is less efficient in keeping operating costs low.
  • The TTM is 0.875. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.914TTM0.875+0.039
TTM0.875YOY1.178-0.303
TTM0.8755Y1.025-0.150
5Y1.02510Y1.059-0.034
3rd party ad coffee SUPPORTERis ad-free.

4.4.3. Liquidity of Shopify Inc. Class A Subordinate Voting Shares.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Shopify is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Software - Application industry mean).
  • A Current Ratio of 3.71 means the company has $3.71 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 3.706. The company is very able to pay all its short-term debts. +2
  • The TTM is 5.460. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.706TTM5.460-1.755
TTM5.460YOY7.018-1.558
TTM5.4605Y10.021-4.560
5Y10.02110Y9.729+0.292
4.4.3.2. Quick Ratio

Measures if Shopify is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Shopify to the Software - Application industry mean.
  • A Quick Ratio of 5.68 means the company can pay off $5.68 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 5.678. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 8.072. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.678TTM8.072-2.393
TTM8.072YOY10.798-2.727
TTM8.0725Y15.407-7.335
5Y15.40710Y15.440-0.034
3rd party ad coffee SUPPORTERis ad-free.

4.5.4. Solvency of Shopify Inc. Class A Subordinate Voting Shares.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Shopify assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Shopify to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.18 means that Shopify assets are financed with 17.5% credit (debt) and the remaining percentage (100% - 17.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 0.175. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.179. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.175TTM0.179-0.004
TTM0.179YOY0.209-0.030
TTM0.1795Y0.184-0.005
5Y0.18410Y0.183+0.001
4.5.4.2. Debt to Equity Ratio

Measures if Shopify is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Shopify to the Software - Application industry mean.
  • A Debt to Equity ratio of 21.3% means that company has $0.21 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The MRQ is 0.213. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.218. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.213TTM0.218-0.006
TTM0.218YOY0.265-0.047
TTM0.2185Y0.227-0.009
5Y0.22710Y0.219+0.008
3rd party ad coffee SUPPORTERis ad-free.

4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Shopify generates.

  • Above 15 is considered overpriced but always compare Shopify to the Software - Application industry mean.
  • A PE ratio of -45.34 means the investor is paying $-45.34 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The EOD is -54.284. Based on the earnings, the company is expensive. -2
  • The MRQ is -45.338. Based on the earnings, the company is expensive. -2
  • The TTM is 34.574. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD-54.284MRQ-45.338-8.946
MRQ-45.338TTM34.574-79.912
TTM34.574YOY-10.918+45.493
TTM34.5745Y637.980-603.406
5Y637.98010Y2,862.327-2,224.348
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The EOD is 101.989. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 85.181. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 66.976. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD101.989MRQ85.181+16.808
MRQ85.181TTM66.976+18.205
TTM66.976YOY110.234-43.258
TTM66.9765Y1,477.421-1,410.445
5Y1,477.42110Y4,782.467-3,305.047
3rd party ad coffee SUPPORTERis ad-free.
4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Shopify is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Software - Application industry mean).
  • A PB ratio of 11.19 means the investor is paying $11.19 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Shopify Inc. Class A Subordinate Voting Shares:

  • The EOD is 13.400. Based on the equity, the company is expensive. -2
  • The MRQ is 11.192. Based on the equity, the company is expensive. -2
  • The TTM is 10.693. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD13.400MRQ11.192+2.208
MRQ11.192TTM10.693+0.499
TTM10.693YOY10.484+0.209
TTM10.6935Y75.919-65.226
5Y75.91910Y109.269-33.350
4.6.2. Total Gains per Share

2.4. Latest News of Shopify Inc. Class A Subordinate Voting Shares

Does Shopify Inc. Class A Subordinate Voting Shares still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Shopify Inc. Class A Subordinate Voting Shares to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-07-07
15:11
Cantor Fitzgerald Reaffirms Neutral Rating on Shopify (SHOP)Read
2025-07-06
19:03
Guru Fundamental Report for SHOPRead
2025-07-06
10:25
The Smartest Growth Stocks to Buy Right NowRead
2025-07-05
10:17
3 Growth Stocks That Could Skyrocket in 2025 and BeyondRead
2025-07-05
10:17
3 Growth Stocks That Could Skyrocket in 2025 and BeyondRead
2025-07-04
16:15
Stablecoins: Fad or Future?Read
2025-07-04
15:09
Validea Detailed Fundamental Analysis - SHOPRead
2025-07-04
11:30
American Companies Had Lowest Job Growth in Eight MonthsRead
2025-07-04
11:30
American Companies Hit the Brakes on HiringRead
2025-06-30
19:13
Zoom Communications Stock Sees IBD RS Rating Improve To 73Read

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Shopify Inc. Class A Subordinate Voting Shares.

4.8.1. Institutions holding Shopify Inc. Class A Subordinate Voting Shares

Institutions are holding 74.808% of the shares of Shopify Inc. Class A Subordinate Voting Shares.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2025-03-31Baillie Gifford & Co Limited.4.3074.656155877748-3898764-6.5222
2025-03-31Capital World Investors4.01590.80652101843-1000864-1.8848
2025-03-31FMR Inc3.79530.299549239719550764212.5941
2025-03-31Vanguard Group Inc3.69690.0825479622808821681.8738
2025-03-31Capital Research & Mgmt Co - Division 32.72230.663335318518-1197787-3.2801
2025-03-31T. Rowe Price Associates, Inc.2.62140.400134008966-7892382-18.8356
2025-03-31Morgan Stanley - Brokerage Accounts2.31550.2051300406954559421.5411
2025-03-31JPMorgan Chase & Co2.16670.19628110871459767819.5536
2025-03-31Capital Research Global Investors1.79540.483623292570-457896-1.9279
2025-03-31Royal Bank of Canada1.50650.3919545576-582332-2.8932
2025-03-31Fidelity International Ltd1.30691.53261695600411818567.4924
2025-03-31Arrowstreet Capital Limited Partnership1.24341.247716131927-355652-2.1571
2025-03-31Polen Capital1.1774.578415270075-1809405-10.594
2024-12-31NORGES BANK1.1180.2024145048562753491.9351
2025-03-31Loomis, Sayles & Company LP1.11231.991214430963-181903-1.2448
2025-03-31Sands Capital Management, LLC0.93623.945212145821-1633118-11.8523
2025-03-31Bank of Montreal0.82990.497810766774-538747-4.7653
2025-03-31BMO Capital Markets Corp.0.82990.497810766774-538747-4.7653
2025-03-31Franklin Resources Inc0.81710.290510600264-492649-4.4411
2025-03-31Bank of America Corp0.72520.07269409076154650.1646
Total 39.038823.0384506481320-7664146-1.5%

4.9.2. Funds holding Shopify Inc. Class A Subordinate Voting Shares

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2025-03-31American Funds Growth Fund of Amer A2.2461.011129139507-1139633-3.7638
2025-03-31Capital Group Growth Fnd of Amer Comp2.2461.011129139507-1139633-3.7638
2025-05-31Invesco QQQ Trust1.940.80972516908400
2025-03-31American Funds EUPAC A1.34431.34071744057400
2025-03-31Capital Group EUPAC Composite1.34431.34071744057400
2025-05-31Vanguard Total Intl Stock Index Inv1.3310.3685172680221051400.6126
2025-03-31Capital Group New Perspective Comp1.09280.984814178357-635370-4.2891
2025-03-31American Funds New Perspective A1.09280.984814178357-635370-4.2891
2025-05-31Vanguard Developed Markets Index Admiral0.82720.504910731347720710.6761
2025-03-31Capital Group Fundamental Invtrs Comp0.82290.758610675604-119227-1.1045
2025-03-31American Funds Fundamental Invs A0.82290.758610675604-119227-1.1045
2025-05-31Vanguard Instl Ttl Intl Stk Mkt Idx TrII0.69010.37588953235850070.9586
2025-03-31Vanguard International Growth Inv0.56641.6789734826500
2025-03-31Vanguard US Growth Investor0.56561.69557337992-25726-0.3494
2025-04-30JPMorgan Large Cap Growth I0.54290.67267043392-1651513-18.994
2025-03-31Capital Group Growth Composite0.54021.52397008285-502893-6.6953
2025-03-31American Funds IS® Growth 10.54021.52397008285-502893-6.6953
2025-05-31iShares S&P/TSX 60 ETF0.52035.9028674963000
2024-12-31Baillie Gifford US Equity Growth0.47396.93486147710-188100-2.9688
2025-03-31Capital Group AMCAP Composite0.47210.71256125508-307306-4.7772
Total 20.021930.8942259758839-6704673-2.6%
3rd party ad coffee SUPPORTERis ad-free.

5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2024-03-312024-06-302024-09-302024-12-312025-03-31
Tax Provision  17,00015,00032,000032,00096,000128,000-216,000-88,000
Income Tax Expense  17,00015,00032,000032,00096,000128,000-216,000-88,000



5.2. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets13,400,000
Total Liabilities2,349,000
Total Stockholder Equity11,051,000
 As reported
Total Liabilities 2,349,000
Total Stockholder Equity+ 11,051,000
Total Assets = 13,400,000

Assets

Total Assets13,400,000
Total Current Assets7,445,000
Long-term Assets5,955,000
Total Current Assets
Cash And Cash Equivalents 1,309,000
Short-term Investments 4,205,000
Net Receivables 1,689,000
Other Current Assets 242,000
Total Current Assets  (as reported)7,445,000
Total Current Assets  (calculated)7,445,000
+/-0
Long-term Assets
Property Plant Equipment 151,000
Goodwill 491,000
Long Term Investments 5,153,000
Intangible Assets 39,000
Long-term Assets Other 23,000
Long-term Assets  (as reported)5,955,000
Long-term Assets  (calculated)5,857,000
+/- 98,000

Liabilities & Shareholders' Equity

Total Current Liabilities2,009,000
Long-term Liabilities340,000
Total Stockholder Equity11,051,000
Total Current Liabilities
Short-term Debt 938,000
Short Long Term Debt 919,000
Accounts payable 776,000
Other Current Liabilities 198,000
Total Current Liabilities  (as reported)2,009,000
Total Current Liabilities  (calculated)2,831,000
+/- 822,000
Long-term Liabilities
Capital Lease Obligations 219,000
Long-term Liabilities  (as reported)340,000
Long-term Liabilities  (calculated)219,000
+/- 121,000
Total Stockholder Equity
Common Stock9,831,000
Retained Earnings 947,000
Accumulated Other Comprehensive Income -6,000
Other Stockholders Equity 279,000
Total Stockholder Equity (as reported)11,051,000
Total Stockholder Equity (calculated)11,051,000
+/-0
Other
Capital Stock9,831,000
Cash and Short Term Investments 5,514,000
Common Stock Shares Outstanding 1,295,377
Current Deferred Revenue295,000
Liabilities and Stockholders Equity 13,400,000
Net Debt -171,000
Net Invested Capital 11,970,000
Net Working Capital 5,436,000
Property Plant and Equipment Gross 151,000
Short Long Term Debt Total 1,138,000



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-31
> Total Assets 
95,788
0
0
0
95,193
97,326
236,880
235,639
243,712
245,274
251,109
486,343
490,558
501,338
1,077,233
1,101,408
1,113,564
1,782,536
1,809,057
1,841,694
2,254,785
2,402,751
2,467,298
3,188,935
3,489,479
3,470,916
5,098,439
7,462,031
7,762,905
10,824,888
11,955,678
13,536,518
13,340,172
11,834,457
10,747,630
11,203,285
10,757,000
10,964,000
9,703,000
10,464,000
11,299,000
11,112,000
11,346,000
12,329,000
13,924,000
13,400,000
13,400,00013,924,00012,329,00011,346,00011,112,00011,299,00010,464,0009,703,00010,964,00010,757,00011,203,28510,747,63011,834,45713,340,17213,536,51811,955,67810,824,8887,762,9057,462,0315,098,4393,470,9163,489,4793,188,9352,467,2982,402,7512,254,7851,841,6941,809,0571,782,5361,113,5641,101,4081,077,233501,338490,558486,343251,109245,274243,712235,639236,88097,32695,19300095,788
   > Total Current Assets 
88,001
83,710
0
0
68,384
67,977
205,076
195,476
202,465
203,161
195,873
427,375
422,898
434,301
994,237
1,014,926
1,025,677
1,689,477
1,706,700
1,736,986
2,129,082
2,173,962
2,211,165
2,910,832
2,742,228
2,727,888
4,389,194
6,613,217
6,877,756
8,483,106
8,460,166
8,332,751
8,539,320
8,074,881
7,857,764
6,012,986
6,050,000
5,927,000
5,909,000
6,161,000
6,275,000
6,440,000
6,402,000
6,541,000
7,254,000
7,445,000
7,445,0007,254,0006,541,0006,402,0006,440,0006,275,0006,161,0005,909,0005,927,0006,050,0006,012,9867,857,7648,074,8818,539,3208,332,7518,460,1668,483,1066,877,7566,613,2174,389,1942,727,8882,742,2282,910,8322,211,1652,173,9622,129,0821,736,9861,706,7001,689,4771,025,6771,014,926994,237434,301422,898427,375195,873203,161202,465195,476205,07667,97768,3840083,71088,001
       Cash And Cash Equivalents 
83,529
-83,710
0
0
41,953
46,148
146,668
115,315
110,070
83,864
68,140
187,360
84,013
101,268
199,397
119,849
141,677
1,580,033
219,801
243,421
410,683
410,446
668,990
1,124,529
649,916
969,363
1,882,362
3,089,884
2,703,597
2,785,571
2,364,670
2,189,613
2,502,992
2,451,545
3,350,781
1,378,251
1,649,000
1,738,000
1,611,000
1,287,000
1,413,000
1,623,000
1,541,000
1,507,000
1,498,000
1,309,000
1,309,0001,498,0001,507,0001,541,0001,623,0001,413,0001,287,0001,611,0001,738,0001,649,0001,378,2513,350,7812,451,5452,502,9922,189,6132,364,6702,785,5712,703,5973,089,8841,882,362969,363649,9161,124,529668,990410,446410,683243,421219,8011,580,033141,677119,849199,397101,26884,013187,36068,14083,864110,070115,315146,66846,14841,95300-83,71083,529
       Short-term Investments 
181
167,420
0
0
17,709
13,013
52,161
71,621
80,103
105,600
111,506
212,927
308,401
294,422
733,020
806,710
796,362
1,383,455
1,354,367
1,334,804
1,558,987
1,586,568
1,344,341
1,542,653
1,805,278
1,391,209
2,118,593
3,031,277
3,684,370
5,086,877
5,390,717
5,329,081
5,265,101
4,795,145
3,604,010
3,563,181
3,404,000
3,125,000
3,169,000
3,631,000
3,595,000
3,554,000
3,480,000
3,388,000
3,981,000
4,205,000
4,205,0003,981,0003,388,0003,480,0003,554,0003,595,0003,631,0003,169,0003,125,0003,404,0003,563,1813,604,0104,795,1455,265,1015,329,0815,390,7175,086,8773,684,3703,031,2772,118,5931,391,2091,805,2781,542,6531,344,3411,586,5681,558,9871,334,8041,354,3671,383,455796,362806,710733,020294,422308,401212,927111,506105,60080,10371,62152,16113,01317,70900167,420181
       Net Receivables 
3,391
0
0
0
7,227
5,339
3,293
3,836
6,089
6,548
9,092
16,783
21,495
26,498
45,438
68,065
69,040
91,893
112,491
135,317
133,220
147,247
161,396
212,466
240,701
308,404
322,077
428,980
421,542
532,804
625,697
733,165
687,263
715,128
789,726
919,232
885,000
905,000
981,000
1,081,000
1,155,000
1,080,000
1,193,000
1,435,000
252,000
1,689,000
1,689,000252,0001,435,0001,193,0001,080,0001,155,0001,081,000981,000905,000885,000919,232789,726715,128687,263733,165625,697532,804421,542428,980322,077308,404240,701212,466161,396147,247133,220135,317112,49191,89369,04068,06545,43826,49821,49516,7839,0926,5486,0893,8363,2935,3397,2270003,391
       Other Current Assets 
1,081
0
0
0
1,495
3,477
2,954
4,704
6,203
7,149
7,135
10,305
8,989
12,113
16,382
20,302
18,598
17,551
20,041
23,444
26,192
29,701
36,438
31,184
46,333
58,912
66,162
63,076
68,247
77,854
79,082
80,892
83,964
113,063
113,247
152,322
112,000
159,000
148,000
162,000
93,000
183,000
188,000
211,000
1,462,000
242,000
242,0001,462,000211,000188,000183,00093,000162,000148,000159,000112,000152,322113,247113,06383,96480,89279,08277,85468,24763,07666,16258,91246,33331,18436,43829,70126,19223,44420,04117,55118,59820,30216,38212,1138,98910,3057,1357,1496,2034,7042,9543,4771,4950001,081
   > Long-term Assets 
0
-83,710
0
0
26,809
29,349
31,804
40,163
41,247
42,113
55,236
58,968
67,660
67,037
82,996
86,482
87,887
93,059
102,357
104,708
125,703
228,789
256,133
278,103
747,251
743,028
709,245
848,814
885,149
2,341,782
3,495,512
5,203,767
4,800,852
3,759,576
2,889,866
5,190,299
4,707,000
5,037,000
3,794,000
4,303,000
5,024,000
4,672,000
4,944,000
5,788,000
6,670,000
5,955,000
5,955,0006,670,0005,788,0004,944,0004,672,0005,024,0004,303,0003,794,0005,037,0004,707,0005,190,2992,889,8663,759,5764,800,8525,203,7673,495,5122,341,782885,149848,814709,245743,028747,251278,103256,133228,789125,703104,708102,35793,05987,88786,48282,99667,03767,66058,96855,23642,11341,24740,16331,80429,34926,80900-83,7100
       Property Plant Equipment 
4,488
0
0
0
21,728
23,615
25,600
29,105
33,048
34,558
39,145
42,799
45,719
44,811
44,235
48,605
50,360
51,654
54,807
55,754
61,612
160,961
182,444
188,929
246,172
250,618
221,719
217,408
211,477
215,178
211,013
215,201
301,914
329,775
338,762
478,201
486,000
482,000
170,000
124,000
147,000
148,000
144,000
143,000
140,000
151,000
151,000140,000143,000144,000148,000147,000124,000170,000482,000486,000478,201338,762329,775301,914215,201211,013215,178211,477217,408221,719250,618246,172188,929182,444160,96161,61255,75454,80751,65450,36048,60544,23544,81145,71942,79939,14534,55833,04829,10525,60023,61521,7280004,488
       Goodwill 
2,373
0
0
0
2,373
2,373
2,373
2,373
2,373
2,373
9,302
9,302
15,504
15,504
20,317
20,317
20,317
20,317
22,894
22,894
38,019
43,672
48,375
48,375
311,865
311,865
311,865
311,865
311,865
311,865
311,865
349,432
356,528
356,528
379,345
1,836,282
1,836,000
1,865,000
427,000
427,000
427,000
427,000
449,000
452,000
452,000
491,000
491,000452,000452,000449,000427,000427,000427,000427,0001,865,0001,836,0001,836,282379,345356,528356,528349,432311,865311,865311,865311,865311,865311,865311,86548,37548,37543,67238,01922,89422,89420,31720,31720,31720,31715,50415,5049,3029,3022,3732,3732,3732,3732,3732,3730002,373
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
170,500
173,454
1,630,950
2,796,321
4,445,132
3,749,667
2,694,997
1,993,867
2,421,747
1,953,460
2,277,000
3,132,000
3,680,000
4,377,000
4,029,000
4,281,000
5,130,000
5,998,000
5,153,000
5,153,0005,998,0005,130,0004,281,0004,029,0004,377,0003,680,0003,132,0002,277,0001,953,4602,421,7471,993,8672,694,9973,749,6674,445,1322,796,3211,630,950173,454170,500000000000000000000000000000
       Intangible Assets 
3,299
0
0
0
2,708
3,361
3,831
4,140
5,826
5,182
6,789
6,867
6,437
6,722
18,444
17,560
17,210
21,088
24,656
26,060
26,072
24,156
25,314
24,759
167,282
159,004
151,254
143,925
135,676
129,692
124,203
141,929
138,496
131,608
133,129
410,819
390,000
372,000
26,000
33,000
29,000
25,000
26,000
24,000
22,000
39,000
39,00022,00024,00026,00025,00029,00033,00026,000372,000390,000410,819133,129131,608138,496141,929124,203129,692135,676143,925151,254159,004167,28224,75925,31424,15626,07226,06024,65621,08817,21017,56018,4446,7226,4376,8676,7895,1825,8264,1403,8313,3612,7080003,299
       Long-term Assets Other 
0
-83,710
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
228,789
256,133
16,040
-2,500
21,541
24,407
0
0
0
0
0
205,804
199,604
0
0
0
0
0
0
0
0
-70
0
21,000
23,000
23,00021,0000-7000000000199,604205,8040000024,40721,541-2,50016,040256,133228,7890000000000000000000-83,7100
> Total Liabilities 
10,407
0
0
0
27,461
32,571
37,329
38,333
48,395
54,297
62,358
74,821
80,082
90,474
99,789
113,486
112,464
1,782,536
152,856
169,616
164,017
274,833
306,114
368,876
473,745
430,065
469,500
1,285,202
1,362,182
1,683,017
1,835,134
2,166,241
2,206,831
2,044,862
2,030,502
2,510,277
2,518,000
2,507,000
2,240,000
2,180,000
2,233,000
2,219,000
2,174,000
2,211,000
2,366,000
2,349,000
2,349,0002,366,0002,211,0002,174,0002,219,0002,233,0002,180,0002,240,0002,507,0002,518,0002,510,2772,030,5022,044,8622,206,8312,166,2411,835,1341,683,0171,362,1821,285,202469,500430,065473,745368,876306,114274,833164,017169,616152,8561,782,536112,464113,48699,78990,47480,08274,82162,35854,29748,39538,33337,32932,57127,46100010,407
   > Total Current Liabilities 
10,041
0
0
0
19,774
24,421
28,175
28,510
37,237
42,527
49,777
61,850
66,532
76,837
84,243
95,410
94,754
113,576
132,380
146,947
138,688
173,014
193,351
259,741
316,382
288,557
320,506
370,131
438,332
495,103
511,083
596,557
702,733
681,932
703,208
905,221
856,000
883,000
880,000
852,000
898,000
902,000
874,000
921,000
1,956,000
2,009,000
2,009,0001,956,000921,000874,000902,000898,000852,000880,000883,000856,000905,221703,208681,932702,733596,557511,083495,103438,332370,131320,506288,557316,382259,741193,351173,014138,688146,947132,380113,57694,75495,41084,24376,83766,53261,85049,77742,52737,23728,51028,17524,42119,77400010,041
       Short-term Debt 
0
0
0
0
485
636
774
784
822
935
1,055
1,223
1,311
1,333
1,354
1,434
1,484
1,530
1,622
2,121
2,552
5,243
5,644
5,426
9,066
9,781
10,993
10,994
10,051
15,567
15,842
15,618
15,748
19,344
25,668
17,024
18,000
24,000
16,000
15,000
17,000
17,000
17,000
18,000
936,000
938,000
938,000936,00018,00017,00017,00017,00015,00016,00024,00018,00017,02425,66819,34415,74815,61815,84215,56710,05110,99410,9939,7819,0665,4265,6445,2432,5522,1211,6221,5301,4841,4341,3541,3331,3111,2231,0559358227847746364850000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,243
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
918,000
919,000
919,000918,00000000000000000000000005,243000000000000000000000
       Accounts payable 
3,285
0
0
0
8,186
15,948
17,800
16,713
18,453
27,070
32,258
42,334
34,319
52,310
57,118
65,246
44,333
79,053
95,729
107,839
61,271
125,025
142,000
139,330
90,517
214,431
240,996
261,561
168,720
338,876
289,537
350,588
284,010
406,647
419,408
596,114
364,000
535,000
554,000
526,465
364,000
586,395
555,918
0
360,000
776,000
776,000360,0000555,918586,395364,000526,465554,000535,000364,000596,114419,408406,647284,010350,588289,537338,876168,720261,561240,996214,43190,517139,330142,000125,02561,271107,83995,72979,05344,33365,24657,11852,31034,31942,33432,25827,07018,45316,71317,80015,9488,1860003,285
       Other Current Liabilities 
6,756
0
0
0
2,146
636
774
784
2,847
935
1,055
1,223
8,380
1,333
1,354
1,434
14,120
1,530
1,622
2,121
30,711
5,243
5,644
48,368
38,658
1,461
1,062
799
77,978
25,935
22,544
26,498
106,494
8,294
4,125
4,458
122,000
0
554,000
533,000
124,000
589,000
559,000
612,031
377,000
198,000
198,000377,000612,031559,000589,000124,000533,000554,0000122,0004,4584,1258,294106,49426,49822,54425,93577,9787991,0621,46138,65848,3685,6445,24330,7112,1211,6221,53014,1201,4341,3541,3338,3801,2231,0559352,8477847746362,1460006,756
   > Long-term Liabilities 
0
0
0
0
7,687
8,150
9,154
9,823
11,158
11,770
12,581
12,971
13,550
13,637
15,546
18,076
17,710
19,071
20,476
22,669
25,329
101,819
112,763
109,135
157,363
141,508
148,994
915,071
923,850
1,187,914
1,324,051
1,569,684
1,504,098
1,362,930
1,327,294
1,605,056
1,662,000
1,624,000
1,360,000
1,328,000
1,335,000
1,317,000
1,300,000
1,290,000
1,875,000
340,000
340,0001,875,0001,290,0001,300,0001,317,0001,335,0001,328,0001,360,0001,624,0001,662,0001,605,0561,327,2941,362,9301,504,0981,569,6841,324,0511,187,914923,850915,071148,994141,508157,363109,135112,763101,81925,32922,66920,47619,07117,71018,07615,54613,63713,55012,97112,58111,77011,1589,8239,1548,1507,6870000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
910,376
910,963
911,549
912,137
912,724
913,312
914,000
914,000
915,000
0
0
0
0
0
0
000000915,000914,000914,000913,312912,724912,137911,549910,963910,3760000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-485
-636
-774
-784
-822
-935
-1,055
-1,223
-1,311
-1,333
-1,354
-1,434
-1,484
-1,530
-1,622
-2,121
-2,552
98,863
108,873
105,595
142,641
131,709
142,128
141,539
144,836
153,918
151,162
174,190
246,776
264,534
254,417
369,131
465,296
461,000
204,000
192,000
217,000
212,000
203,000
206,000
-728,000
-719,000
-719,000-728,000206,000203,000212,000217,000192,000204,000461,000465,296369,131254,417264,534246,776174,190151,162153,918144,836141,539142,128131,709142,641105,595108,87398,863-2,552-2,121-1,622-1,530-1,484-1,434-1,354-1,333-1,311-1,223-1,055-935-822-784-774-636-4850000
       Deferred Long Term Liability 
0
0
0
0
394
469
0
0
661
0
0
0
922
0
0
0
2,740
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000002,740000922000661004693940000
> Total Stockholder Equity
85,381
85,381
0
0
67,732
64,755
199,551
197,306
195,317
190,977
188,751
411,522
410,476
410,864
977,444
987,922
1,001,100
1,649,889
1,656,201
1,672,078
2,090,768
2,127,918
2,161,184
2,820,059
3,015,734
3,040,851
4,628,939
6,176,829
6,400,723
9,141,871
10,120,544
11,370,277
11,133,341
9,789,595
8,717,128
8,693,008
8,239,000
8,457,000
7,463,000
8,284,000
9,066,000
8,893,000
9,172,000
10,118,000
11,558,000
11,051,000
11,051,00011,558,00010,118,0009,172,0008,893,0009,066,0008,284,0007,463,0008,457,0008,239,0008,693,0088,717,1289,789,59511,133,34111,370,27710,120,5449,141,8716,400,7236,176,8294,628,9393,040,8513,015,7342,820,0592,161,1842,127,9182,090,7681,672,0781,656,2011,649,8891,001,100987,922977,444410,864410,476411,522188,751190,977195,317197,306199,55164,75567,7320085,38185,381
   Common Stock
3,009
0
0
0
4,055
4,303
227,964
228,197
231,452
233,411
235,645
464,809
468,494
478,841
1,051,490
1,064,214
1,077,477
1,745,300
1,771,304
1,794,013
2,215,936
2,265,240
2,313,198
3,042,555
3,256,284
3,333,407
4,859,950
6,035,099
6,115,232
7,760,984
7,837,824
7,930,690
8,040,099
8,150,878
8,244,560
8,653,011
8,747,000
8,886,000
9,019,000
9,098,000
9,201,000
9,283,000
9,368,000
9,474,000
9,634,000
9,831,000
9,831,0009,634,0009,474,0009,368,0009,283,0009,201,0009,098,0009,019,0008,886,0008,747,0008,653,0118,244,5608,150,8788,040,0997,930,6907,837,8247,760,9846,115,2326,035,0994,859,9503,333,4073,256,2843,042,5552,313,1982,265,2402,215,9361,794,0131,771,3041,745,3001,077,4771,064,2141,051,490478,841468,494464,809235,645233,411231,452228,197227,9644,3034,0550003,009
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
-1,675
0
0
-3,138
0
0
0
-8,785
221
141
-476
-1,818
-381
4,250
6,854
3,435
-3,399
-7,797
-1,696
-12,216
-2,942
3,804
-2,293
1,046
-15,587
-4,934
-744
8,770
6,046
3,303
-5,890
-5,974
413
-9,117
-38,012
-16,000
-7,000
4,000
-6,000
4,000
-4,000
-5,000
-1,000
-10,000
-6,000
-6,000-10,000-1,000-5,000-4,0004,000-6,0004,000-7,000-16,000-38,012-9,117413-5,974-5,8903,3036,0468,770-744-4,934-15,5871,046-2,2933,804-2,942-12,216-1,696-7,797-3,3993,4356,8544,250-381-1,818-476141221-8,785000-3,13800-1,6750
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
74,805
69,153
76,393
84,792
62,628
58,684
0
0
0
0
0
136,024
161,074
174,570
221,858
-23,409
30,206
32,000
205,000
239,000
0
0
0
0
0
0
000000239,000205,00032,00030,206-23,409221,858174,570161,074136,0240000058,68462,62884,79276,39369,15374,80500000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
5,685
6,990
8,477
10,656
11,719
14,128
18,187
21,531
27,009
29,211
32,541
37,071
43,392
47,094
55,753
66,004
74,805
69,153
76,393
84,792
62,628
58,684
73,578
251,061
261,436
92,913
118,396
136,024
161,074
174,570
221,858
-23,409
30,000
32,000
205,000
239,000
251,000
277,000
301,000
309,000
305,000
279,000
279,000305,000309,000301,000277,000251,000239,000205,00032,00030,000-23,409221,858174,570161,074136,024118,39692,913261,436251,06173,57858,68462,62884,79276,39369,15374,80566,00455,75347,09443,39237,07132,54129,21127,00921,53118,18714,12811,71910,6568,4776,9905,6850000



5.4. Balance Sheets

Currency in USD. All numbers in thousands.




5.5. Cash Flows

Currency in USD. All numbers in thousands.




5.6. Income Statements

Currency in USD. All numbers in thousands.


5.7. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue8,880,000
Cost of Revenue-4,408,000
Gross Profit4,472,0004,472,000
 
Operating Income (+$)
Gross Profit4,472,000
Operating Expense-3,397,000
Operating Income1,075,0001,075,000
 
Operating Expense (+$)
Research Development1,367,000
Selling General Administrative410,000
Selling And Marketing Expenses1,393,000
Operating Expense3,397,0003,170,000
 
Net Interest Income (+$)
Interest Income308,000
Interest Expense-0
Other Finance Cost-0
Net Interest Income308,000
 
Pretax Income (+$)
Operating Income1,075,000
Net Interest Income308,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,228,000-78,000
EBIT - interestExpense = 1,075,000
2,228,000
2,019,000
Interest Expense0
Earnings Before Interest and Taxes (EBIT)1,075,0002,228,000
Earnings Before Interest and Taxes (EBITDA)1,111,000
 
After tax Income (+$)
Income Before Tax2,228,000
Tax Provision-209,000
Net Income From Continuing Ops2,019,0002,019,000
Net Income2,019,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses7,805,000
Total Other Income/Expenses Net1,153,000-308,000
 

Technical Analysis of Shopify
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Shopify. The general trend of Shopify is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Shopify's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Shopify Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Shopify Inc. Class A Subordinate Voting Shares.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 129.38.

The bearish price targets are: 103.91 > 102.81 > 100.49.

Know someone who trades $SHOP? Share this with them.👇

Shopify Inc. Class A Subordinate Voting Shares Daily Support & Resistance Chart
3rd party ad coffee SUPPORTERis ad-free.

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Shopify Inc. Class A Subordinate Voting Shares. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shopify Inc. Class A Subordinate Voting Shares Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Shopify Inc. Class A Subordinate Voting Shares. The current macd is 2.54759232.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Shopify price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Shopify. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Shopify price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Shopify Inc. Class A Subordinate Voting Shares Daily Moving Average Convergence/Divergence (MACD) ChartShopify Inc. Class A Subordinate Voting Shares Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Shopify Inc. Class A Subordinate Voting Shares. The current adx is 11.70.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Shopify shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Shopify Inc. Class A Subordinate Voting Shares Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Shopify Inc. Class A Subordinate Voting Shares. The current sar is 107.34.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Shopify Inc. Class A Subordinate Voting Shares Daily Parabolic SAR Chart
3rd party ad coffee SUPPORTERis ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Shopify Inc. Class A Subordinate Voting Shares. The current rsi is 56.48. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Shopify Inc. Class A Subordinate Voting Shares Daily Relative Strength Index (RSI) ChartShopify Inc. Class A Subordinate Voting Shares Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Shopify Inc. Class A Subordinate Voting Shares. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Shopify price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Shopify Inc. Class A Subordinate Voting Shares Daily Stochastic Oscillator ChartShopify Inc. Class A Subordinate Voting Shares Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Shopify Inc. Class A Subordinate Voting Shares. The current cci is 49.01.

Shopify Inc. Class A Subordinate Voting Shares Daily Commodity Channel Index (CCI) ChartShopify Inc. Class A Subordinate Voting Shares Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Shopify Inc. Class A Subordinate Voting Shares. The current cmo is 11.34.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Shopify Inc. Class A Subordinate Voting Shares Daily Chande Momentum Oscillator (CMO) ChartShopify Inc. Class A Subordinate Voting Shares Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Shopify Inc. Class A Subordinate Voting Shares. The current willr is -27.91187328.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Shopify is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Shopify Inc. Class A Subordinate Voting Shares Daily Williams %R ChartShopify Inc. Class A Subordinate Voting Shares Daily Williams %R Chart
3rd party ad coffee SUPPORTERis ad-free.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Shopify Inc. Class A Subordinate Voting Shares.

Shopify Inc. Class A Subordinate Voting Shares Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Shopify Inc. Class A Subordinate Voting Shares. The current atr is 4.06498156.

Shopify Inc. Class A Subordinate Voting Shares Daily Average True Range (ATR) ChartShopify Inc. Class A Subordinate Voting Shares Daily Average True Range (ATR) Chart
3rd party ad coffee SUPPORTERis ad-free.

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Shopify Inc. Class A Subordinate Voting Shares. The current obv is 308,010,893.

Shopify Inc. Class A Subordinate Voting Shares Daily On-Balance Volume (OBV) ChartShopify Inc. Class A Subordinate Voting Shares Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Shopify Inc. Class A Subordinate Voting Shares. The current mfi is 50.92.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Shopify Inc. Class A Subordinate Voting Shares Daily Money Flow Index (MFI) ChartShopify Inc. Class A Subordinate Voting Shares Daily Money Flow Index (MFI) Chart
3rd party ad coffee SUPPORTERis ad-free.

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Shopify Inc. Class A Subordinate Voting Shares.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-04BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-07MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-10BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-15STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-04-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-05-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-13BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-15STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-07-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-07-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Shopify Inc. Class A Subordinate Voting Shares Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Shopify Inc. Class A Subordinate Voting Shares based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.484
Ma 20Greater thanMa 50111.685
Ma 50Greater thanMa 100106.605
Ma 100Greater thanMa 200103.037
OpenGreater thanClose113.170
Total4/5 (80.0%)
Penke
Good job! You gained 25 XP and 0   0   10 . What's next:
  • Share my analysis of Shopify with someone you think should read this too:
  • Are you bullish or bearish on Shopify? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Shopify? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Shopify Inc. Class A Subordinate Voting Shares

I send you an email if I find something interesting about Shopify Inc. Class A Subordinate Voting Shares.


Comments

How you think about this?

Leave a comment

Stay informed about Shopify Inc. Class A Subordinate Voting Shares.

Receive notifications about Shopify Inc. Class A Subordinate Voting Shares in your mailbox!

3rd party ad coffee SUPPORTERis ad-free.