Shopify Inc. Class A Subordinate (NYSE:SHOP) traded today at a new 52-week high of $1621.00. Approximately 642,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
In the past 52 weeks, shares of Shopify Inc. Class A Subordinate have traded between a low of $839.40 and a high of $1621.00 and is now at $1608.00, which is 92% above that low price.
Based on a current price of $1608.00, Shopify Inc. Class A Subordinate is currently 80.1% above its average consensus analyst price target of $319.44.
Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
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