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Shopify Inc.

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SHOP trade ideas

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.
NYSE:SHOPShort
by DEXWireNews
5/8/24 - $shop - need a better entry... still, unfort. careful.5/8/24 - vrockstar - would like to buy it, could be a trade to the mid/ high 60s fam, but likely won't stick and act as exit liquidity for guys needing to size manage. what's more likely if you saw other ecomm/ retail, lulu comes to mind, is a gamma drag thru the day all else equal, all pumps being sold. the math here is "expensive" we all know it. you know it, i know it. that's fine for a great biz, but the 2Q guide is the thorn until we get some either a. macro catalyst/ e.g. rates- consumer or b. risk bid that's not just mag 7 or c. lower stock price and perhaps d. another print - so at earliest in this case leading into 2Q print, maybe a month before as we size up the 3Q guide. EVEN if we assume a stock down 35%... and on generous FCF estimates, perhaps 2 bn this yr? you'd STILL be hardly pushing 3% yield. BTW... that's the buy. probably in the mid $50s. any risk off generally/ in the Q's would threaten to gap fill this in the $48 zone from last Nov. I'd give that a 30% probability today, but under $55... the odds are probably >50%. unfortunately i don't think you can bid this with any high degree of confidence. set your triggers lower and we can find a better entry.
NYSE:SHOPShort
by VROCKSTAR
$SHOP 10D wants $68 if we stay under $80Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+ possible before the end of the week for a Bull Trap setup as stock is breaking trendlines of the possible larger timeframe bear flag its been in since Spring 22' .... Stay Patient.. after high $60s I'll be looking for a rally to fill gap above at $89.12
NYSE:SHOPShort
by TazmanianTrader
2
SHOP 🐂 Bullish Potential Outlook 🐂Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes I feel like the chart is straight forward, also my first chart in a long time Will also do Higher time frame analysis and post it Timeframes Used: The 15/30 min, 4hr, 5 Day Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming SHOP LEVELS 0.618 Extension: $85.58 (+11%) // 220%|$430 0.236 Retracement: $96.50 (+25%) // 753%%|$1,468 1 Extension: $93.58 (+21%) // 604%|$1,179 -0.236 Retracement: $96.50 (+25%) // 753%%|$1,468 At $100 (+30%) // 932%|$1,818 1.272 Extension: $99.28 (+29%) // 895%|$1,746 1.382 Extension: $101.58 (+29%) // 1013%|$1,975 -0.618 Retracement: $104.50(+35%) // 1163%|$2,267 1.618 Extension: $106.52 (+38%) // 1,266%|$2,469 -1.272 Retracement: $118.20(+29%) // 895%|$1,746 1.618 fib Retracement: $125.44 (+63%) // 2,237%|$4,361 Just some fun levels lmao, I'll be happy w any profit obvi this is all speculation, PnL based off of optionstrat.com ]Option Strat Technical Indicators - Stochastic Oscillator left the overbought zone on March 14, 2024 - Entered Uptrend as Momentum indicator ascends above 0 level on Mar 13, 2024 - MACD Histogram turned positive on March 13, 2024 idk its funny if it works tho lol, Buy time or shares
NYSE:SHOPLong
by Gunvir
2
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*
NYSE:SHOPLong
by a_ag
1