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Shopify

Despite positive earnings, $shop still going to new lows.The earnings reaction was positive today which saw shares of shop go up over 20%, however we're already fading the news. The big picture is that we're in the process of a larger market wide correction that will bring all stocks down with it. If we look at the chart, even with the news today, price has just formed another lower high and is setting up for a large move lower. I don't think we'll see a bottom be put into the market until we test $31 or lower. Base case is we likely hit the two lower supports on the chart. Let's see what happens in the coming weeks.
SShort
by benjihyam
1
$SHOP Towards $70What do we see here? - NYSE:SHOP ended the day with a bullish outside day. - Previous HOD for May 31 is $59.23, can serve as resistance. - Previous weekly high is $60.11 and can also serve as resistance. - GAP to be filled to the upside $64.20 - $75.30. - RSI is at 39.24 and moving upwards slowly. - MACD (blue line) is above the signal (orange line), indicates continued bullish movement - 5-month monthly fibonacci patterns highlights potential resistance on 0.618 ($63.10) and 0.5 ($68.54) (which is the 0.618 of a bullish fib pattern on a larger time block - GAP also potentially to be filled to the downside $55.51 - $48.86)
SLong
by Brandonthrives
SHOP range bound with potential for Bullish continuationHi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and getting rejected few times. However since Nov 2023 till present time, we've been inside the Orange rectangle. Recently, we've made it to the bottom of the Rectangle to test it as SUPPORT. We had about 3 weeks of Testing. With this weeks Candle printing a potential Large lower wicked Hammer candle. This can be an indication of a attempt to reverse our downtrend from $90ish. At the same time, we have Support confluence of this Ascending Channel. And our current candle attempting to break Resistance trendline that formed since Feb and local top of $90. Remember though a breakout above Resistance trendline is not enough. We would need confirmation of it acting as support. On top of that, at the posting of this idea. Our weekly candle has yet to close. Maintaining price Above 73.50 would be key. And to keep in mind that there is also Resistance Above $74.00 If things progress look to where the Upper trendline of Ascending Channel and the Upper border of Rectangle meet to potential target. Also keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHOP in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
SLong
by SafofAllTrades
10
Shopify ($SHOP) Reported Q1 Revenue for 2024Canadian e-commerce platform Shopify ( NYSE:SHOP ) has reported its slowest quarterly revenue growth in two years, with its U.S. shares slumping 20.5% in premarket trading. The company's core clientele, small and medium-sized businesses (SMBs), have been more susceptible to the hit from sticky inflation. Analysts estimated current-quarter revenue to grow 19.35%, according to LSEG data. The company expects operating expenses to be up at a low-to-mid-single digit percentage rate for the second quarter, compared with a 4% fall in the first three months of the year. Shopify ( NYSE:SHOP ) reported first-quarter revenue of $1.86 billion, compared with analysts' average estimate of $1.85 billion. Excluding items, earnings of 20 cents per share also topped expectations of 17 cents. Shopify Inc. ( NYSE:SHOP ) announced financial results for the quarter ended March 31, 2024. Harley Finkelstein, President of Shopify, said that the company had a strong start to the year, building on the performance of 2023, delivering year-over-year revenue growth for the quarter of 23%, or 29% when adjusting for the sale of its logistics businesses, combined with 12% free cash flow margin. First-Quarter Financial Highlights Gross Merchandise Volume1 ("GMV") increased 23% to $60.9 billion, an increase of $11.3 billion over the first quarter of 2023. Revenue increased 23% to $1.9 billion compared to the prior year, resulting in a year-over-year growth of 29% after adjusting for the sale of its logistics businesses. Merchant Solutions revenue increased 20% to $1.4 billion compared to the prior year, driven primarily by the growth of GMV and continued penetration of Shopify Payments. Gross Payments Volume2 ("GPV") grew to $36.2 billion, representing 60% of GMV processed in the quarter, versus $27.5 billion, or 56%, for the first quarter of 2023. Subscription Solutions revenue increased 34% to $511 million compared to the prior year, driven by the growth in the number of merchants and pricing increases on our standard subscription plans. Monthly Recurring Revenue as of March 31, 2024 increased 32% to $151 million compared to the prior year, driven by continued growth across all of our subscription plans. Gross profit dollars grew 33% to $957 million compared to the prior year. Gross margin for the quarter was 51.4% compared to 47.5% in the first quarter of 2023, driven primarily by the lack of the dilutive impact of the logistics businesses and changes in pricing from standard plans, partially offset by the continued growth of Shopify Payments. Free cash flow was $232 million compared to $86 million in the prior year, and free cash flow margin for the quarter was 12% compared to 6% in the first quarter of 2023.
SShort
by DEXWireNews
SHOP - Back to bullish after correction - BullishNYSE:SHOP -Positive trend and following trendlines -Exceptions on Octobers (different low trendline) -Just did a correction and filled a vector -Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe -A huge gap ~85.5 to be filled, and possible higher targets -Stop loss slightly lower than ~70 (as it means it broke the strong support) The fun part with this trade is low risk (only ~4% loss with possibly ~18% profit) *Not Financial Advice*
SLong
by a_ag
1
SHOP - Do you believe in Cup & Handles? SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it . I’ve a sizable position already from the lows. It’s already 2x from the bottom and has potential for 2x more from here. If market conditions favors the growth names , we can see 2x soon. 70 level acting as support here. 45 would been optimal entry but if you are going long here , have a tight stop around 70. Target #1 - 98 Target #2 - 120 Target #3 - 150; Won’t be an easy target, can shakeout here.
SLong
by just4tradin
2
Shopify Q4 revenue tops Street estimatesShopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors and Shopify's future trajectory. Strong Q4 Performance: Shopify's ( NYSE:SHOP ) fourth-quarter results showcased impressive performance, with earnings per share reaching 34 cents adjusted, surpassing analysts' expectations by 3 cents. Revenue also exceeded forecasts, totaling $2.14 billion, fueled by a remarkable increase in gross merchandise volume (GMV) to $75.1 billion, a 23% rise from the previous year. This robust performance was primarily attributed to the surge in products sold on its platform, highlighting Shopify's continued relevance and dominance in the e-commerce landscape. Guidance Woes: Despite the stellar fourth-quarter results, investors were disheartened by Shopify's ( NYSE:SHOP ) conservative guidance for the first quarter. The company's projection of a "low-twenties percentage rate" revenue growth, coupled with a free cash flow margin expected to be in the high single digits, fell short of market expectations. Notably, Shopify's forecasted adjusted operating income of $178 million starkly contrasts with consensus estimates of $382 million, painting a picture of cautious optimism amidst market uncertainties. Market Response: The market response to Shopify's ( NYSE:SHOP ) guidance was swift and unforgiving. The company's shares tumbled approximately 10% in early trading following the earnings release, reflecting investor concerns over the gap between projected and anticipated performance metrics. Analysts from Wedbush emphasized Shopify's subdued outlook, highlighting the disparity between projected operating income and consensus estimates. This sentiment was echoed by the broader market, with many investors adopting a wait-and-see approach amidst lingering uncertainty. Future Prospects: Despite the short-term market turbulence, Shopify ( NYSE:SHOP ) remains well-positioned to capitalize on the burgeoning e-commerce landscape. The company's relentless focus on innovation and expanding its product offerings underscores its long-term growth potential. Additionally, Shopify's strategic divestiture of its logistics business signifies a commitment to streamlining operations and maximizing shareholder value. As the global economy continues to recover from the impacts of the pandemic, Shopify's ( NYSE:SHOP ) resilient business model and unwavering commitment to customer-centricity are poised to drive sustainable growth in the years to come. Conclusion: Shopify's fourth-quarter earnings report elicited mixed reactions from investors, with strong performance overshadowed by conservative guidance for the upcoming quarter. While short-term market fluctuations may unsettle some stakeholders, Shopify's robust fundamentals and strategic initiatives signal a promising future ahead. As the e-commerce landscape evolves, Shopify ( NYSE:SHOP ) remains a stalwart player, poised to capitalize on emerging opportunities and deliver long-term value to shareholders.
S
by DEXWireNews
Navigating the Melody of Shopify: A Symphony of Bullish ProspectAs e-commerce continues to shape the retail landscape, Shopify (NYSE: NYSE:SHOP ) emerges as a key player, catching the attention of investors with a crescendo of positive indicators and cautious notes. Let's delve into the harmonious symphony that surrounds Shopify's recent performance. 1. A Harmonious Prelude: Bullish Analyst Report The stage is set with Wells Fargo analyst Andrew Bauch reaffirming an overweight rating on Shopify, echoing confidence in the company's growth potential. Bauch's upward revision of the price target from $80 to $90 per share suggests a bullish outlook, inviting investors to join the melody of optimism. 2. Crescendo of Holiday Cheer: Stellar Performance in Shopping Season The sound of success resonates as Shopify's stock experiences a 67% surge in the last three months, fueled by a robust holiday shopping season. The company's impressive $9.3 billion in Black Friday/Cyber Monday sales strikes a chord, providing a strong prelude to what investors hope will be a resounding fourth-quarter report. 3. Anticipation Builds: Overture to the Earnings Report The anticipation crescendos as investors eagerly await Shopify's fourth-quarter report scheduled for February 13. The positive momentum from the holiday season sets the stage for potential revelations about the company's financial health and growth trajectory. The earnings report promises to be a defining movement in the Shopify symphony. 4. Technical Dynamics: A Rising Trend Channel The technical score unveils a rising trend channel in the medium to long term, a melody of positive investor sentiment and confidence. However, the cautionary notes underscore the importance of monitoring the support level at $79.52, introducing a nuanced counterpoint to the upbeat tune. Conclusion: As the symphony of Shopify plays on, investors find themselves at a crossroads, balancing the uplifting melodies of positive indicators with the sobering cautionary notes. The upcoming earnings report is poised to be a pivotal movement, shaping the narrative of Shopify's journey. In this complex composition, finding harmony involves staying attuned to both the highs and lows, navigating the melody with a discerning ear, and appreciating the nuanced dynamics that contribute to the overall performance of this e-commerce virtuoso.
SLong
by DEXWireNews
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level. This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point. The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities. The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future.
SLong
by EgideSimba
6
SHOPIFY More downside to come. Where to buy?Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our opinion it won't be for long as it has started to resemble the pull-back after the December 02 2022 High. That was on the Channel Up first bullish leg and it eventually pulled-back to the 0.5 Fibonacci retracement level, before the price rebounded again and almost reached the -0.382 Fib extension for a technical Higher High. Observe how similar the 1D RSI sequences are between the two. As a result, we expect currently a downside as low as 60.50 (Fib 0.5) at least to test the 1D MA200 and then we will buy and target $94.00 (below the -0.382 Fib, projected +56% rise, which is 20% lower than the previous rise (+76.18%), similar to the difference the Feb 03 2023 High High had from its Dec 02 2022 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
SShort
by TradingShot
1
SHOPX: $0.019 | below the RADAR with a Potential Value of $15bnbridging traditional brands to the next generation of BRANDING and building strong relationships with existing customers just like how Apple did as a cult in the iTUNES ecosysytem this is like a venue for fortune 500 brands to link up with Tiktok Generation in growing business for now HANDLER Eric is just aging or building infra for big funds to come in re-pack or peddle to the gang of 8 Big Vcs is the space just like how SNAP was valued at $28ish bn during its debut in the NASDAQ immediate MARKET is SHOPiFY shopify $53bn cap buy and hold and maybe in 36months we can retire with Eric and the fanboys at 1000x reward
by senyor
4
Shopify Merchants Drive Record-High $9.3 Billion in Black FridayShopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today that Shopify merchants reached a record $9.3 billion in sales* over Black Friday Cyber Monday (BFCM) weekend - a 24% increase from last year. From early Friday in New Zealand to late Monday in California, more than 61 million consumers globally purchased from brands powered by Shopify. Shopping peaked when collective sales reached $4.2 million per minute at 12:01 p.m. EST on Black Friday. BFCM highlights from Shopify merchants 1. Peak sales per minute: $4.2 million at 12:01 PM EST on Nov. 24. 2. 61 million consumers globally purchased from Shopify-powered brands. 3. Hottest product categories: apparel and accessories, health and beauty, and home and garden. 4. Average cart price: $108.12 ($107.53 on a constant currency basis). 5. Top selling countries: U.S., U.K., Australia, Canada, and Germany. 6. Top selling cities: Los Angeles, New York, and London. 7. Cross-border orders represented 15% of all global orders. 8. 56,000+ tonnes of carbon removal funded by Shopify to counteract shipping emissions. Technical Analysist Price Momentum SHOP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
SLong
by DEXWireNews
Shopify Record Breaking $4.1 billion Black Friday SalesShopify - NYSE:SHOP Shopify is having a great year and it appears it just got better, they announced a record-breaking Black Friday, with global sales from its merchants totaling $4.1 billion. Surpassing the previous year's figures, sales saw a substantial 22% increase, peaking at an impressive $4.2 million per minute on November 24, 2023. After 5 positive quarterly earnings in a row and with the annual earnings release in Feb 2024 around the corner, now could be a time to capitalize on this upcoming likely positive Annual Earnings Report release in Feb 2024 (released between 14th – 21st Feb). The Chart There is a clear long term diagonal support level under price and potential break out above key resistance level of $70.00. We are above the 200 day smooth moving average and it is sloping upwards. Entry into the trade should to your desired risk tolerance. Some examples of how you could enter - Entry here allowing for potential loss of 15% (the stop) - Entry at the $70.00 resistance line level (keeping stop at $62.00) - Entry off a the 200 day SMA when ever that occurs and place a stop under the diagonal resistance line (which will like be a similar 15% potential loss). The Risk: Reward is decent at 6, however I would take a significant portion off the table at $91.00 (the 0.618 fib level) or I would at lease raise my stop at this juncture, as it will likely be some form of resistance simply because of the price support/resistance you will see to the left historically and also because it lines up nicely with the 0.618 fib extension. You could also exit the trade entirely at $91.00 and plan a re-entry when we see what happens next. Its only a 22% play here versus a 15% loss, not great. So you need to weigh up what your comfortable with. There is also an argument to hold the position until the annual earnings release in Feb 2024, in this case the position size is key and should be smaller, with capital set aside to average in if we re-visit the 200 or diagonal resistance. There is a trade here and a structure to play off, its up to you how you do it. Carefully select your position size if your making a longer term play, regardless position size should be small with a potential 15% loss. Another alternative is to cut the stop loss to 5%, however I would only do this after a significant pull back of some sort. An interesting year for Shopify, it appears the US consumer is stronger than market commentators might think. As always stay nimble PUKA
S
by PukaCharts
Shopify Stock Is Soaring Again What Could Be The FactorThe bull market is back, and so is pandemic favorite Shopify (NYSE: SHOP). After posting robust growth and showing strong operating leverage in the third quarter, the e-commerce platform gained more than 30% in the last five trading days and is closing in on a market cap of $80 billion. Shopify is still down by 63% from the all-time high it set in 2021, which could indicate there is still more room to run here. Shopify's Q3 earnings were strong across the board. As the software backbone for many online sellers, Shopify grows along with the overall e-commerce sector. It makes money through its core software subscriptions, by processing payments, and by selling add-on services to its merchant customers. In the quarter, Shopify's revenue grew 25% year over year to $1.7 billion. Factor out last year's revenue from its logistics and delivery services business -- which the company divested itself of earlier this year -- and the growth rate was an even more impressive 30%. Shopify sold the delivery services business to Flexport in a pivot to refocus solely on the digital world, providing software services to online merchants. This is already showing up in the company's profit margins. In the quarter, Shopify's gross margin was 52.6% compared to 48.5% in 2022. Gains Shopify generated $122 million in operating income in Q3, up from an operating loss of $346 million in the prior-year period. Technical Analysist Price Momentum SHOP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
SLong
by DEXWireNews
1