Shopify Inc. Class A Subordinate (NYSE:SHOP) traded today at a new 52-week high of $1602.57. This new high was reached on below average trading volume as 736,000 shares traded hands, while the average 30-day volume is approximately 1.5 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 $1602.57 and is now at $1593.93, which is 90% above that low price.
Shopify Inc. Class A Subordinate (NYSE:SHOP) defies analysts with a current price ($1593.93) 80.3% above its average consensus price target of $314.42.
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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