The e-commerce industry is currently one of the fastest-growing sectors because of the ease that it has provided to the people. The coronavirus pandemic on one hand brought about a halt to so many businesses but the e-commerce industry shone brightly during that time. It became the easiest and the safest way to purchase goods at that time. Some of the firms grew so well during this time and emerged out as the real winners during the difficult time of the pandemic.
Shopify Inc. (NYSE: SHOP): The Company that Grew Well
The past few years have been years of growth for Shopify. The stock price of the firm has risen by as much as 950% in the previous three years which in no way is a value to ignore. The coronavirus pandemic added acceleration to the growth of the company and it earned well during that time. The e-commerce industry as a whole benefitted a lot and now, Shopify is a great stock to buy because of the high prospects of earning profits upon investment in the company.
The company has an organized and expanded system which makes it a versatile company to invest in. It has always helped the merchants to grow and that has also helped in the company’s growth as a whole. Therefore, the company has a strong base that will not let the company go down and the firm will keep on nurturing and prospering in the upcoming times as well.
Not to forget, Shopify also emerged out as a competitor of the e-commerce giant, i.e. Amazon.com. It is not easy to even come into consideration when it comes to Amazon and Shopify grew so well that it is now a very solid stock.
Shopify Inc. (NYSE: SHOP): Summary of the Latest Statistics of the Company
- 52 Week Range: $305.30 – $1,499.75
- Average Volume: 1,299,514
- Market Capital: $177.286B
- Forward Dividend and Yield: N/A (N/A)
The increase in the stock value is high and this factor shows the strength of the company.
Shopify Stock: Should Investors Purchase the Stock Right Now?
Shopify stock is a well-suited and apt choice for making a long-term investment. The investors can hope for some better gains coming on their way after investing in Shopify. The major reason which makes Shopify a reliable firm to invest in is that the company is growing well and it is from the e-commerce industry. E-commerce is a widely growing sector which in no case is going to slow down in the future. A accompany which is performing well in this sector has to be profit bearing company. The better-suited option is a long-term investment here rather than a short-term investment. The stock value has raised a lot and the price is almost the only problem with the stock but if one can invest here, then it will turn out a favorable investment indeed.