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- 1. How to buy Shopify (SHOP) stock
- 2. Where to buy Shopify stock?
- 3. How to buy stock in Shopify in 3 simple steps
- 4. Compare the best platforms to buy Shopify stock
- 5. Fundamental analysis of Shopify shares
- 6. Is Shopify a good investment for me?
- 7. How to sell Shopify stock
- 8. Should I buy Shopify stock now?
- 9. FAQs
How to buy Shopify (SHOP) stock
Get started in minutes with our preferred broker,. 9/10
82% of retail CFD accounts lose money.
A big part of learning how to buy Shopify stocks is finding the best place to make your investment. Shopify stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Shopify when following our step by step guide.
Where to buy Shopify stock?Copy link to section
Based on our research, we’ve ranked the top three brokers where you can buy Shopify shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.
77% of retail CFD accounts lose money.
Read more about how we test, rank & review platforms.
How to buy stock in Shopify in 3 simple stepsCopy link to section
Buying Shopify stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.
Step 1. Sign up to eToroCopy link to section
77% of retail CFD accounts lose money.
Step 2. Make a depositCopy link to section
Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.
Step 3. Buy Shopify sharesCopy link to section
Search for Shopify using the ticker, SHOP. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Shopify and complete your purchase.
It’s as easy as that! You can buy Shopify shares in just 10-15 minutes and now you’re a Shopify shareholder.
Compare the best platforms to buy Shopify stockCopy link to section
1. eToro. Best for beginners, copy-trading & demo-account
Pros & Cons
We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.
77% of retail CFD accounts lose money.
Fundamental analysis of Shopify sharesCopy link to section
What is Shopify’s total worth?Copy link to section
Shopify’s total net worth is $55.67 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.
How has Shopify’s share price performed in recent years?Copy link to section
The current Shopify stock price today is $43.61, which is 75.52% below its all time high of $176.29, which it reached on 15 November, 2021.
Overall, SHOP is up 199.85% over the last five years. The SHOP share price is up 22.10% in 2023 with a 52 week high of $78.00 and a 52 week low of 23.63.
What is Shopify’s EPS?Copy link to section
Shopify’s EPS is $0.13]. EPS stands for earnings per share and is calculated by dividing Shopify’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.
What is the Shopify P/E ratio?Copy link to section
Shopify’s P/E ratio is 335.46. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Shopify’s earnings.
It is calculated by dividing the share price by the earnings per share. You can use Shopify’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.
What is Shopify’s dividend yield?Copy link to section
Shopify’s dividend yield is 0%. The dividend yield tells you how much of Shopify’s share price it gives back to shareholders in dividend payments every year. SHOP does not pay a dividend.
Is Shopify stock a buy or sell?Copy link to section
The indicator below shows you live technical ratings for Shopify stock on time frames from one minute to one month.
It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.
This indicator should be used when you research Shopify to help you decide whether to buy Shopify shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.
Is Shopify a good investment for me?Copy link to section
The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Shopify.
- Shopify lets anyone run an online business. Shopify is an e-commerce platform where independent businesses can host their own websites. It’s one of the biggest success stories of the past decade thanks to a simple service that offers the infrastructure, analytics and payment processing small business owners need to run an online shop.
- It is larger than eBay. Shopify’s success has already taken it past eBay in terms of spending volume and market cap. It’s now the most obvious alternative to Amazon in a market where ‘click-based shopping’ is expected to be worth a quarter of all US commerce by 2030.
- Shopify has signed deals with many leading brands. It has signed a deal with TikTok so people could ‘shop as they scroll’, and even teamed up with brands like PepsiCo and Heinz, as well as celebrities like Kylie Jenner and Kanye West, to sell through Shopify.
- Its stock price has fallen in recent years. Its share price was on a tear even before the pandemic, and across 2019 and 2020, it was up over 600%. However, its surge was short-lived and 2021 – 2022 saw its price drop back to pre-pandemic levels.
- It has work to do to keep investors happy. A lot of Shopify’s business is excellent, but tech companies with high valuations rely on continuing to post higher revenue numbers to keep investors happy.
It’s always a good idea to think about any potential risks there might be as well. Use this summary of Shopify’s pros and cons before you make a final decision on whether to buy Shopify stock.
ProsCopy link to section
- It is larger than eBay in terms of market capitalisation
- Shopify has teamed up with several leading brands and celebrities
- Its stock price has rallied in the past few years
Are there other ways to buy shares in Shopify?Copy link to section
Yes, you can invest in Shopify stock in a few different ways. One option is to buy stock in Shopify directly through an investment platform as laid out above, while another popular choice is to invest in a fund.
Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nyse index fund to get exposure to Shopify, or choose a technology ETF.
This can be a good investment strategy for beginners and a way to learn how to buy Shopify shares from someone with more experience.
What are the fees for investing in Shopify stock?Copy link to section
It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Shopify stocks.
Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more.
These are the trading platforms that charge the lowest fees for buying stocks in Shopify.
|Trading platform||Trading fees|
|Degiro||$0 (US) / £1.75 (UK)|
How to sell Shopify stockCopy link to section
When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio.
From there, find your Shopify stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.
Should I buy Shopify stock now?Copy link to section
It’s your investing goals and style that define whether now is a good time to buy. The current Shopify stock price plays into it but ultimately it depends on your investment horizons.
- If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Shopify based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy SHOP.
- If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Shopify’s fundamentals are solid then the best time to invest in Shopify stock is after a dip or a pullback in price.
Most new traders sit somewhere between these two positions. You don’t want to actively trade Shopify stock all hours of the day but you don’t want to wait years for a return either.
Either way, following SHOP price news and analysis will help you decide when to dip your toe into the market.
Latest Shopify newsCopy link to section
Shopify stock price is severely overvalued: Is it a safe buy?
Roku just announced a partnership with Shopify: find out more
Cramer is ‘incredibly bullish’ on Shopify stock price after Q1 earnings
Cathie Wood bought more of this eCommerce stock on recent pullback
Jim Cramer explains why he likes the Shopify stock
Tezos NFTs now supported on Shopify via Taco Labs integration
FAQsCopy link to section
There is no perfect way to value a stock. You can use financial metrics like the P/E ratio to compare share prices among Shopify and its competitors, where a higher ratio indicates that a stock is more expensive. But lots of different factors play into Shopify’s share price and the ‘right’ valuation is often a matter of opinion.
It depends on where you live but you do normally have to pay capital gains tax any time you make money from investing in Shopify.
Capital gains tax is often charged at 10-15% of your profit but there are ways to limit the amount you have to pay, by using tax-friendly stock market investment vehicles and writing off losses.
Speak to an accountant or a tax professional and check the tax laws where you live to find out more.
Shopify’s ticker symbol is NYSE:SHOP. A ticker symbol, or stock code, is a publicly traded company’s unique identifier so that you can find them on stock exchanges.
No, Shopify does not pay a cash dividend.
Shopify is considered medium risk, according to SustainAnalytics. While it is working towards improving its ESG scores, its approach is ranked as ‘average’ which means it still has some way to go to handle its issues in a more satisfactory way.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >