How to buy Shopify (SHOP) shares in Australia
Learn how to easily invest in Shopify shares.
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Shopify (SHOP) is a software-application business that offers cloud-based commerce solutions for small to medium-sized companies. Shopify's software is used by merchants to run their business across various sales channels, including desktop and mobile storefronts, physical retail locations, social media storefronts and other marketplaces. The company is listed on the NYSE and headquartered in Ottawa, Canada.
How to buy shares in Shopify
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Shopify. Find the share by name or ticker symbol: SHOP. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Shopify reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$31.24, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Shopify, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Shopify. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
Shopify stock price (NYSE:SHOP)Use our graph to track the performance of SHOP stocks over time.
Shopify shares at a glance
|52-week range||US$297.641 - US$1762.918|
|50-day moving average||US$397.445|
|200-day moving average||US$963.2855|
|Dividend yield||US$0 (0%)|
|Earnings per share (TTM)||US$1.445|
Compare trading apps to buy Shopify shares
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Is it a good time to buy Shopify stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Shopify price performance over time
|1 week (2022-06-23)||-13.67%|
|1 month (2022-06-03)||-11.19%|
|3 months (2022-03-30)||inf%|
|6 months (2022-01-03)||-76.96%|
|1 year (2021-07-02)||-78.56%|
|2 years (2020-07-02)||-69.50%|
|3 years (2019-07-03)||0.25%|
|5 years (2017-07-03)||265.23%|
Stocks similar to Shopify
Is Shopify under- or over-valued?
Valuing Shopify stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Shopify's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Shopify's P/E ratio
Shopify's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 267x. In other words, Shopify shares trade at around 267x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Shopify's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$157.4 million (£0.0 million).
The EBITDA is a measure of a Shopify's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$4.8 billion|
|Operating margin TTM||1.9%|
|Gross profit TTM||US$2.5 billion|
|Return on assets TTM||0.51%|
|Return on equity TTM||1.92%|
|Market capitalisation||US$49.6 billion|
TTM: trailing 12 months
Shopify share dividends
We're not expecting Shopify to pay a dividend over the next 12 months.
Have Shopify's shares ever split?
Shopify's shares were split on a 10:1 basis on 29 June 2022. So if you had owned 1 share the day before the split, the next day you would own 10 shares. This wouldn't directly have changed the overall worth of your Shopify shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Shopify shares which in turn could have impacted Shopify's share price.
Shopify share price volatility
Over the last 12 months, Shopify's shares have ranged in value from as little as US$297.641 up to US$1762.918. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 1.8158. This would suggest that Shopify's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).
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. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company 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 headquartered in Ottawa, Canada.
Shopify in the news
Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital
Shopify (SHOP) Gains But Lags Market: What You Should Know
Why Shopify Crashed 18% This Week
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