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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP/N trade ideas

$SHOP will push higher to end 2Q24May 30, 2024 @6:57AM MONTHLY - Currently on a downtrend (2D-2D-2D Continuation) #TheStrat - Finishing off a Stage 3 #TheMoneyFlow - MACD curling down, RSI curling down at 46 WEEKLY - MACD beginning to curl up - Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024) - Price is slightly under last week's middle price of $58.51 at $58.18 (pre-market) DAILY - Price appears to moving upward after touching lower weekly broadening formation (BF) #thestrat - Gap to be filled above ($64-75) and gap to be filled below ($55-$48) - MACD and RSI curling up - On May 28, NYSE:GS maintained NYSE:SHOP as a BUY DECISION: HOLDING 2 NYSE:SHOP 65C 19 JUL 24 (AVG: $1.76) (DOWN 30% @ 1.25).
NYSE:SHOPLong
by Brandonthrives
Shopify (SHOP) Fundamental Analysis and Fair Value Estimate **1. Revenue and Growth:** - **Q1 2024 Revenue**: Increased by 23% YoY to $1.9 billion. - **Adjusted Growth**: 29% growth when adjusting for the sale of logistics businesses. **2. Profitability:** - **Gross Profit**: Grew by 33%, reaching $957 million. - **Gross Margin**: Improved to 51.4% from 47.5% last year. - **Net Loss**: $273 million or $0.21 per share, compared to a net income of $68 million last year. **3. Cash Flow:** - **Free Cash Flow**: $232 million in Q1 2024, up from $86 million last year. - **Free Cash Flow Margin**: Doubled to 12% YoY. **4. Balance Sheet:** - **Cash and Marketable Securities**: $5.2 billion as of March 31, 2024. - **Net Cash Position**: $4.3 billion after accounting for convertible notes. **5. Market Position and Competition:** - **GMV**: Grew by 23% to $60.9 billion in Q1 2024. - **Merchant Solutions**: Driven by growth in GMV and Shopify Payments. **6. Valuation Metrics:** - **Price-to-Sales Ratio**: 14.1x vs. industry average of 16.9x. - **Fair PS Ratio**: Estimated fair PS ratio is 10.1x, indicating potential overvaluation based on current metrics. **7. Fair Value Estimates:** - **Morningstar**: $68 per share. - **Simply Wall St**: $58.61 per share. - **Yahoo Finance**: Approximately $49.16 per share. **Conclusion:** - **Fair Value Range**: $50 to $68 per share. - **Considerations**: Strong revenue growth, improving margins, and robust cash flow support the higher valuation, while economic cycle exposure and SMB customer risks may introduce volatility.
NYSE:SHOPLong
by DrSaud1
Shopify (SHOP:NYSE) receives support from Goldman SachsJuly 2024: Shopify's shares took a heavy hit in May after a moderate Q1 earnings report which might have beaten investor consensi, EPS by $0.04 & revenue by $20 mio, yet this was not enough to prevent a large selloff. The share price is currently recovering and is now trading 4,5% higher than it did 12 months ago. This is partly thanks to the analyst from Goldman Sachs, who kept the share rating at "buy" signalling that Goldman Sachs believes Shopify can further accelerate its growth. In general Shopify's rating remains a moderate buy, with analysts giving it a price target of $76.42, a 15.5% upside. Shopify has been able to increase its market share in e-commerce software platforms and technologies over the last 18 months, now sitting at around 10%, so its large investments in marketing are therefore paying off and bringing in lucrative orders. Shopify is also investing in artificial intelligence (AI) which gives the company a competitive advantage given the large data pool it has access to, and already uses the technology having launched the Shopify Magic suite last year. The technicals are painting a somewhat mitigated picture, with the RSI sitting in neutral territory around 54 in the daily chart. The stock's price sits above the 50 day MA, and wasn't able to break through the 100 day MA which is flattening out around the 69 mark, which had proved to be a relevant support zone before the drop. The on balance volume is telling us a similar story, namely that buying and selling pressures have balanced out in the last months and that traders are probably lacking a bit of conviction at the moment. We will most likely have to wait for the Q2 earnings report at the end of the month before seeing a significant move again.
NYSE:SHOPLong
by WHSelfInvest
$SHOP BreakoutThis 4-hour chart highlights a significant breakout from a downtrend, marked by a rounded bottom pattern indicating a bullish reversal. The price has successfully broken above a key downward trend line and is showing higher lows and higher highs, supported by upward-moving averages. I entered 7/12 $68 Calls at the end of the day once the 4-hour candle broke the pennant resistance. I hope to see a volume spike Friday and to swing these contracts into the following week.
NYSE:SHOPLong
by MrChartsmith
2
Downtrend in Shopify?Shopify has struggled since late 2021 and now some traders may expect another push to the downside. The first pattern on today’s chart is the pair of high-volume bearish gaps after quarterly results on February 13 and May 8. Both drops came despite better-than-expected earnings, which may suggest the e-commerce stock is a distribution phase. Second, SHOP rebounded from the last selloff but stalled at the preceding low around $68. (Also notice how the first drop occurred at a key low from late 2020.) Have old support zones become new resistance areas? Third, prices are reversing at the falling 50-day simple moving average (SMA). Fourth, the 50-day SMA had a “death cross” below the 200-day SMA earlier this month. That may reflect a bearish longer-term trend. Stochastics are additionally starting to dip from an overbought condition. Finally, TradeStation data shows that SHOP is a highly active underlier in the options market, averaging about 110,000 contracts per day in the last month. Traders looking for downside in the next few weeks may consider a strategy such as the July 60-July 55 put spread. It’s quoted for less than $0.75 and could potentially widen to $5 if SHOP falls slightly below its recent low. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . Options trading is not suitable for all investors. Your TradeStation Securities' account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SHOP
by TradeStation
2
GAP FILL! SHOP otw to 67 Shop has been forming a rounded base after a major correction and I believe we will see an upward trend and flight through the Gap Fill zone and go back to 67-75 price range Above 62.31 we should see the Gap begin filling on the 15minute the IHNS is ready to pop and above it is a gap SHOP's bull flag played out and I now see an inverted head and shoulders before we go to 67 from 61.83 I plan to buy many more calls with an expire at most of14dte and a PT of 65-67 NASDAQ:PYPL looks good with the sector; will post that chart before the weekend Will update when I have more; comment any questions or chart requests
NYSE:SHOPLong
by Gunvir
2
$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)
NYSE:SHOPLong
by Brandonthrives