Canada-based Shopify (TSE: SHOP) (NYSE: SHOP) operates a cloud-based commerce platform designed for small- and medium-sized businesses. Merchants use its software to run their businesses across all sales channels, including web, tablet, and mobile storefronts, social media storefronts, brick-and-mortar, and pop-ups. Once a high-flying darling of the pandemic bull market, the stock has lost over 80% of its value from its peak. Undoubtedly, the stock is more attractive today than it was in November. However, is there still more room for it to drop? Valuation Shopify has always traded at a high valuation, as investors rewarded it for its high growth.
https://www.tipranks.com/news/article/shopify-stock-has-it-fallen-enough-yet?utm_source=advfn.com&utm_medium=referral
Shopify (NYSE:SHOP)
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Shopify (NYSE:SHOP)
Historical Stock Chart
From Jul 2021 to Jul 2022 Click Here for more Shopify Charts.