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Shopify (NYSE: SHOP) stock gained 37% in 2024, according to data provided by S&P Global Market Intelligence. The market is getting more excited about the e-commerce platform as it continues to ...
On Nov. 12, Shopify reported financial results for the third quarter of 2024. Shopify uses a metric called gross merchandise volume (GMV). Why Shopify Stock Skyrocketed 48% Last Month
The chart above reflects the change in Shopify's stock price between Thanksgiving 2023 (Nov. 23, 2023) and Jan. 31, 2024. ... 2024. As you can see, shares of Shopify rose considerably just after ...
In the third quarter of 2024, Shopify enabled $70 billion in GMV sales via its platform, or an annualized rate of $280 billion. ... Shopify has a price-to-sales (P/S) ratio of 16 and a price-to ...
Against that backdrop, let's take a closer look at Shopify's most recent results and its long-term prospects to see if the stock is still a buy. Strong growth continues In Q3, Shopify's revenue ...
None of this is to say that Shopify stock is a screaming deal right now. Shares are trading at their highest price since early 2022, not far from the $150 level that marked the pandemic-era record ...