Shopify, an e-commerce platform, has seen gains of nearly 150 percent this year. Due to the coronavirus pandemic, the e-commerce trend has seen a huge surge. What can investors expect from Shopify ?
The COVID-19 pandemic has accelerated this trend and might have influenced consumers' habits for the long term. As a result, some of the e-commerce stocks could be long-term winners. Is Shopify one of them? Should you buy the stock?
While you're here, how about this:
An in-depth look at Shopify and its rivalry with Amazon, both lifted by a shift to e-commerce,
Shopify Inc. [SHOP] gain 156.43% so far this year. What now? | The DBT News
Shopify Inc. [NYSE: SHOP] price surged by 4.97 percent to reach at $48.28. The company report on October 29, 2020 that Shopify Announces Third-Quarter 2020 Financial Results.
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A sum of 1573814 shares traded at recent session while its average daily volume was at 1.77M shares. Shopify Inc. shares reached a high of $1,021.11 and dropped to a low of $975.00 until finishing in the latest session at $1019.52.
Thanksgiving to come in just under $6B in US online sales, says Adobe – TechCrunch
As people prepare and eat their Thanksgiving meals, or just “work” on relaxing for the day, some are also going online to get a jump on holiday shopping deals. Adobe, which is following online sales in real time at 80 of the top 100 retailers in the US, covering some 100 million SKUs, says that initial figures indicate that the US will fall just short of $6 billion in e-commerce sales for Thanksgiving Day.
Adobe had originally predicted that the US would spend $6 billion online on the day, but it seems that early activity did not follow through in later hours. Adobe said one reason for the lower number is because of the sales cycle starting even earlier for many retailers: “Retailers of all sizes appear to have successfully moved shoppers to buy earlier in the season with early discounts and effective promotions,” the company noted.
While you're here, how about this:
Shopify stands to cash in on future IPO of U.S. fintech Affirm - The Globe and Mail
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Shopify Inc. is reaping the rewards that come with being a leader in online commerce, with the Ottawa-based company set to make money on a planned initial public offering from Affirm Holdings Inc.
San Francisco-based Affirm filed late Wednesday for an IPO that is projected to value the instalment payment provider at up to US$10-billion. As part of the paperwork, Affirm revealed that in July, it gave Shopify warrants to purchase up to 20.3 million of its shares for a penny each. The warrants were part of a transaction that made Affirm the sole provider of "buy now, pay later" plans to the thousands of U.S. retailers that use Shopify's software.
Interview: Shopify's Harley Finkelstein – The man powering one million retail websites | Analysis
Shopify president Harley Finkelstein tells Retail Week how retail now is a battle between the resistant and the resilient.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Main St pins hopes on Small Business Saturday sales to stay afloat
As holiday shopping gets into gear this weekend, its uncertain how Small Business Saturday on Nov. 28 will move the needle and help the millions of business owners on Main Street struggling to survive. According to a Small Business Saturday Survey conducted by SurveyMonkey and CNBC, 43% of shoppers plan to spend less this holiday season than they did in 2019, and only 6% plan to spend the most money on Small Business Saturday.
The national study conducted from Nov.,16-18 released on Friday, surveyed 3,122 individuals age 18 to over 65. The survey was conducted using SurveyMonkey 's online platform and based on its survey methodology .
We Analyzed the Future Direction of Shopify Inc. (SHOP), Here is What We Found | News Heater
Shopify Inc. (NYSE:SHOP) went up by 4.97% from its latest closing price compared to the recent 1-year high of $1146.91. The company's stock price has collected 9.46% of gains in the last five trading sessions. Barron’s reported on 11/20/20 that December Could Be a Busy Month for IPOs
Shopify Inc. (NYSE:SHOP) scored a price-to-earnings ratio above its average ratio, recording 650.20 x from its present earnings ratio. Plus, the 36-month beta value for SHOP is at 1.54. Opinions of the stock are interesting as 14 analysts out of 34 who provided ratings for Shopify Inc. declared the stock was a "buy," while 2 rated the stock as "overweight," 16 rated it as "hold," and 1 as "sell."
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