Shopify is experiencing strong downward pressure after crazy run
Aktualisiert
The company seems to be growing at a nice topline clip of 70% but I feel one underlying issue is the recent issuance of shares to fund future investments.
I feel the stock will take some hits due to the uncertainty created by raising close to 1 Bn $ in the last two quarters but if they can show operating profitability or continuing 50+% revenue growth in the next quarter or two, the stock will again become a fast growing stock, otherwise an Enterprise value of 9 Bn+ will be hard to justify
I feel the stock will take some hits due to the uncertainty created by raising close to 1 Bn $ in the last two quarters but if they can show operating profitability or continuing 50+% revenue growth in the next quarter or two, the stock will again become a fast growing stock, otherwise an Enterprise value of 9 Bn+ will be hard to justify
Kommentar
SHOP is now in a channel of 92-110 since August. The stock seems to have positive underlying momentum. A bull run can expected if it crosses 100.
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