On the chart for the last month, we can see that the stock is fluctuating at C$1,830 with small volatility. The highest price of the stock was C$1,942 on July 7 and the lowest one was C$1,782 on June 25. The average volume of the company is 152,522 stocks and the total volume consists of 117,104 stocks with the day’s range of C$1,799 – C$1,840.
Shopify is growing at a good pace for the last several years because of its decentralized strategy. The annual revenue of the company grew at a whopping compound annual growth rate (CAGR) for more than 70,2% from 2015 till 2020 and the market cap of the company is $182 million.
During the last five years, the company’s stock increased by 4,460%, For now, Shopify is serving more than 1.7 million businesses which is 10 times more than in the first quarter of 2015. It is predicted, that might be in the future, the company will be able to generate good revenue growth.
Finance and Entertainment Reporter
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