1 Stat That Makes Shopify Hard to Ignore Right Now
Shopify stock looks riskier after recent valuation gains, but it's posting strong earnings growth.
Overview
Shopify (NASDAQ: SHOP) stock has seen some volatile swings over the last five years. While the company's share price has been surging recently, it's still only up roughly 22% over the last half decade. Meanwhile, the S&P 500 is up 79%, and the Nasdaq Composite has risen 90%.
But while the e-commerce services specialist's share price gains have lagged behind the broader market over that stretch, the fact that the company's net income per share increased 68% year over year in the second quarter to reach $1.16 is hard to ignore.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.