C
Shopify Inc.
SHOP.TO
TSX
C
Hold
2/11/2025Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 2/11/2025 due to an increase in the total return index, efficiency index and valuation index. Net income increased 56.16% from $828M to $1.29B, and total capital increased 12.66% from $11.26B to $12.68B.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 2/11/2025 due to an increase in the total return index, efficiency index and valuation index. Net income increased 56.16% from $828M to $1.29B, and total capital increased 12.66% from $11.26B to $12.68B.
C
Hold
8/15/2024Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C- from E+ on 8/15/2024 due to a significant increase in the growth index, efficiency index and valuation index. Net income increased 162.64% from -$273M to $171M, earnings per share increased from -$0.2121 to $0.13, and EBIT increased 106.57% from $137M to $283M.
Shopify Inc. (SHOP.TO) was upgraded to C- from E+ on 8/15/2024 due to a significant increase in the growth index, efficiency index and valuation index. Net income increased 162.64% from -$273M to $171M, earnings per share increased from -$0.2121 to $0.13, and EBIT increased 106.57% from $137M to $283M.
E
Sell
7/10/2024Downgrade
Shopify Inc. (SHOP.TO) was downgraded to E+ from D- on 7/10/2024 due to a decline in the volatility index and total return index.
Shopify Inc. (SHOP.TO) was downgraded to E+ from D- on 7/10/2024 due to a decline in the volatility index and total return index.
D
Sell
5/14/2024Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D- from D+ on 5/14/2024 due to a significant decline in the growth index, efficiency index and solvency index. Earnings per share declined from $0.5071 to -$0.2121, net income declined 141.55% from $657M to -$273M, and EBIT declined 71.58% from $482M to $137M.
Shopify Inc. (SHOP.TO) was downgraded to D- from D+ on 5/14/2024 due to a significant decline in the growth index, efficiency index and solvency index. Earnings per share declined from $0.5071 to -$0.2121, net income declined 141.55% from $657M to -$273M, and EBIT declined 71.58% from $482M to $137M.
D
Sell
2/15/2024Upgraded
Shopify Inc. (SHOP.TO) was upgraded to D+ from D- on 2/15/2024 due to a substantial increase in the efficiency index, total return index and solvency index. Debt to equity declined from 0.11 to 0.1, and total capital increased 8.61% from $9.41B to $10.22B.
Shopify Inc. (SHOP.TO) was upgraded to D+ from D- on 2/15/2024 due to a substantial increase in the efficiency index, total return index and solvency index. Debt to equity declined from 0.11 to 0.1, and total capital increased 8.61% from $9.41B to $10.22B.
D
Sell
11/6/2023Upgraded
Shopify Inc. (SHOP.TO) was upgraded to D- from E+ on 11/6/2023 due to a significant increase in the growth index, solvency index and volatility index. EBIT increased 291.45% from -$117M to $224M, earnings per share increased from -$1.0239 to $0.55, and operating cash flow increased 135.59% from $118M to $278M.
Shopify Inc. (SHOP.TO) was upgraded to D- from E+ on 11/6/2023 due to a significant increase in the growth index, solvency index and volatility index. EBIT increased 291.45% from -$117M to $224M, earnings per share increased from -$1.0239 to $0.55, and operating cash flow increased 135.59% from $118M to $278M.
E
Sell
10/23/2023Downgrade
Shopify Inc. (SHOP.TO) was downgraded to E+ from D- on 10/23/2023 due to a decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to E+ from D- on 10/23/2023 due to a decline in the total return index and volatility index.
D
Sell
8/7/2023Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D- from D on 8/7/2023 due to a significant decline in the efficiency index, total return index and solvency index. Net income declined 2,027.94% from $68M to -$1.31B, total capital declined 12.77% from $9.86B to $8.6B, and debt to equity increased from 0.11 to 0.12.
Shopify Inc. (SHOP.TO) was downgraded to D- from D on 8/7/2023 due to a significant decline in the efficiency index, total return index and solvency index. Net income declined 2,027.94% from $68M to -$1.31B, total capital declined 12.77% from $9.86B to $8.6B, and debt to equity increased from 0.11 to 0.12.
D
Sell
5/5/2022Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D from C- on 5/5/2022 due to a significant decline in the valuation index, efficiency index and volatility index. Net income declined 297.08% from -$371.31M to -$1.47B, and total capital declined 10.74% from $12.31B to $10.99B.
Shopify Inc. (SHOP.TO) was downgraded to D from C- on 5/5/2022 due to a significant decline in the valuation index, efficiency index and volatility index. Net income declined 297.08% from -$371.31M to -$1.47B, and total capital declined 10.74% from $12.31B to $10.99B.
C
Hold
3/30/2022Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/30/2022 due to a decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/30/2022 due to a decline in the total return index and volatility index.
C
Hold
2/17/2022Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C from C+ on 2/17/2022 due to a significant decline in the growth index, total return index and volatility index. Earnings per share declined from $9.0039 to -$2.9531, and EBIT declined 76.49% from $51.36M to $12.07M.
Shopify Inc. (SHOP.TO) was downgraded to C from C+ on 2/17/2022 due to a significant decline in the growth index, total return index and volatility index. Earnings per share declined from $9.0039 to -$2.9531, and EBIT declined 76.49% from $51.36M to $12.07M.
C
Hold
12/15/2021Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 12/15/2021 due to a noticeable decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 12/15/2021 due to a noticeable decline in the total return index.
B
Buy
11/11/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 11/11/2021 due to a noticeable increase in the valuation index, total return index and growth index. Earnings per share increased from $6.9012 to $9.0039, and total revenue increased 0.38% from $1.12B to $1.12B.
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 11/11/2021 due to a noticeable increase in the valuation index, total return index and growth index. Earnings per share increased from $6.9012 to $9.0039, and total revenue increased 0.38% from $1.12B to $1.12B.
C
Hold
10/19/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C+ from C on 10/19/2021 due to an increase in the total return index, volatility index and valuation index.
Shopify Inc. (SHOP.TO) was upgraded to C+ from C on 10/19/2021 due to an increase in the total return index, volatility index and valuation index.
C
Hold
10/1/2021Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C from C+ on 10/1/2021 due to a large decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C from C+ on 10/1/2021 due to a large decline in the total return index.
C
Hold
9/22/2021Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 9/22/2021 due to a large decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 9/22/2021 due to a large decline in the total return index.
B
Buy
9/7/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 9/7/2021 due to a large increase in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 9/7/2021 due to a large increase in the total return index and volatility index.
C
Hold
8/17/2021Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 8/17/2021 due to a noticeable decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C+ from B- on 8/17/2021 due to a noticeable decline in the total return index.
B
Buy
8/2/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 8/2/2021 due to an increase in the growth index, total return index and valuation index. EBIT increased 21.56% from $129.51M to $157.43M, and total revenue increased 13.23% from $988.65M to $1.12B.
Shopify Inc. (SHOP.TO) was upgraded to B- from C+ on 8/2/2021 due to an increase in the growth index, total return index and valuation index. EBIT increased 21.56% from $129.51M to $157.43M, and total revenue increased 13.23% from $988.65M to $1.12B.
C
Hold
7/26/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C+ from C on 7/26/2021 due to a significant increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C+ from C on 7/26/2021 due to a significant increase in the total return index.
C
Hold
5/3/2021Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/3/2021 due to a substantial increase in the growth index, efficiency index and valuation index. Net income increased 915.92% from $123.87M to $1.26B, earnings per share increased from $0.9849 to $9.9396, and total capital increased 39.75% from $7.31B to $10.22B.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/3/2021 due to a substantial increase in the growth index, efficiency index and valuation index. Net income increased 915.92% from $123.87M to $1.26B, earnings per share increased from $0.9849 to $9.9396, and total capital increased 39.75% from $7.31B to $10.22B.
C
Hold
3/16/2021Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/16/2021 due to a large decline in the growth index, total return index and solvency index. Earnings per share declined from $1.54 to $0.9849, and the quick ratio declined from 17.03 to 15.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/16/2021 due to a large decline in the growth index, total return index and solvency index. Earnings per share declined from $1.54 to $0.9849, and the quick ratio declined from 17.03 to 15.
C
Hold
11/9/2020Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from D+ on 11/9/2020 due to a significant increase in the efficiency index, growth index and volatility index. Earnings per share increased from $0.29 to $1.54, net income increased 430.77% from $36M to $191.07M, and total capital increased 48.05% from $4.78B to $7.08B.
Shopify Inc. (SHOP.TO) was upgraded to C from D+ on 11/9/2020 due to a significant increase in the efficiency index, growth index and volatility index. Earnings per share increased from $0.29 to $1.54, net income increased 430.77% from $36M to $191.07M, and total capital increased 48.05% from $4.78B to $7.08B.
D
Sell
5/1/2020Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D+ from C on 5/1/2020 due to a substantial decline in the efficiency index, valuation index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to D+ from C on 5/1/2020 due to a substantial decline in the efficiency index, valuation index and volatility index.
C
Hold
4/6/2020Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 4/6/2020 due to a large increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 4/6/2020 due to a large increase in the total return index.
C
Hold
3/20/2020Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/20/2020 due to a major decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 3/20/2020 due to a major decline in the total return index and volatility index.
C
Hold
2/5/2020Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 2/5/2020 due to a substantial increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 2/5/2020 due to a substantial increase in the total return index.
C
Hold
1/6/2020Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 1/6/2020 due to an increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 1/6/2020 due to an increase in the total return index.
D
Sell
11/20/2019Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 11/20/2019 due to a decline in the total return index, volatility index and efficiency index. Net income declined 153.8% from -$28.68M to -$72.78M.
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 11/20/2019 due to a decline in the total return index, volatility index and efficiency index. Net income declined 153.8% from -$28.68M to -$72.78M.
C
Hold
9/30/2019Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 9/30/2019 due to a noticeable decline in the total return index, growth index and valuation index. Earnings per share declined from -$0.2177 to -$0.256, EBIT declined 10.7% from -$35.79M to -$39.62M, and operating cash flow declined 5.28% from $24.34M to $23.06M.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 9/30/2019 due to a noticeable decline in the total return index, growth index and valuation index. Earnings per share declined from -$0.2177 to -$0.256, EBIT declined 10.7% from -$35.79M to -$39.62M, and operating cash flow declined 5.28% from $24.34M to $23.06M.
C
Hold
1/30/2019Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 1/30/2019 due to a major increase in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 1/30/2019 due to a major increase in the total return index and volatility index.
C
Hold
1/25/2019Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 1/25/2019 due to an increase in the growth index, volatility index and total return index. Operating cash flow increased 410.63% from -$922 to $2.86M, total revenue increased 10.25% from $244.96M to $270.06M, and earnings per share increased from -$0.226 to -$0.2174.
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 1/25/2019 due to an increase in the growth index, volatility index and total return index. Operating cash flow increased 410.63% from -$922 to $2.86M, total revenue increased 10.25% from $244.96M to $270.06M, and earnings per share increased from -$0.226 to -$0.2174.
D
Sell
10/10/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 10/10/2018 due to a substantial decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 10/10/2018 due to a substantial decline in the total return index and volatility index.
C
Hold
10/8/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 10/8/2018 due to a noticeable decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 10/8/2018 due to a noticeable decline in the total return index.
C
Hold
9/21/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 9/21/2018 due to a major increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 9/21/2018 due to a major increase in the total return index.
C
Hold
8/16/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 8/16/2018 due to a major decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 8/16/2018 due to a major decline in the total return index.
C
Hold
8/1/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 8/1/2018 due to a large increase in the total return index and efficiency index. Total capital increased 0.38% from $1.65B to $1.66B.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 8/1/2018 due to a large increase in the total return index and efficiency index. Total capital increased 0.38% from $1.65B to $1.66B.
C
Hold
7/12/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 7/12/2018 due to a large decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 7/12/2018 due to a large decline in the total return index and volatility index.
C
Hold
6/25/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 6/25/2018 due to a large increase in the total return index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 6/25/2018 due to a large increase in the total return index.
C
Hold
6/5/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 6/5/2018 due to a large decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 6/5/2018 due to a large decline in the total return index.
C
Hold
5/21/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/21/2018 due to a major increase in the total return index, growth index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/21/2018 due to a major increase in the total return index, growth index and volatility index.
C
Hold
5/2/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 5/2/2018 due to a noticeable decline in the growth index and efficiency index. Earnings per share declined from -$0.03 to -$0.16, net income declined 432.37% from -$2.99M to -$15.9M, and EBIT declined 232.62% from -$6.11M to -$20.33M.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 5/2/2018 due to a noticeable decline in the growth index and efficiency index. Earnings per share declined from -$0.03 to -$0.16, net income declined 432.37% from -$2.99M to -$15.9M, and EBIT declined 232.62% from -$6.11M to -$20.33M.
C
Hold
5/1/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/1/2018 due to a major increase in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 5/1/2018 due to a major increase in the total return index and volatility index.
C
Hold
4/16/2018Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 4/16/2018 due to a major decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 4/16/2018 due to a major decline in the total return index and volatility index.
C
Hold
1/9/2018Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 1/9/2018 due to a large increase in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 1/9/2018 due to a large increase in the total return index and volatility index.
C
Hold
12/18/2017Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 12/18/2017 due to a major decline in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 12/18/2017 due to a major decline in the total return index and volatility index.
C
Hold
12/1/2017Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 12/1/2017 due to a major increase in the total return index and volatility index.
Shopify Inc. (SHOP.TO) was upgraded to C from C- on 12/1/2017 due to a major increase in the total return index and volatility index.
C
Hold
11/16/2017Downgrade
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 11/16/2017 due to a major decline in the total return index.
Shopify Inc. (SHOP.TO) was downgraded to C- from C on 11/16/2017 due to a major decline in the total return index.
C
Hold
11/1/2017Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C from D+ on 11/1/2017 due to a large increase in the total return index, growth index and efficiency index. Earnings per share increased from -$0.1488 to -$0.095, net income increased 33.14% from -$14.03M to -$9.38M, and operating cash flow increased 29.61% from -$8.86M to -$6.24M.
Shopify Inc. (SHOP.TO) was upgraded to C from D+ on 11/1/2017 due to a large increase in the total return index, growth index and efficiency index. Earnings per share increased from -$0.1488 to -$0.095, net income increased 33.14% from -$14.03M to -$9.38M, and operating cash flow increased 29.61% from -$8.86M to -$6.24M.
D
Sell
10/17/2017Downgrade
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 10/17/2017 due to a noticeable decline in the total return index and growth index. Operating cash flow declined 321.51% from $4M to -$8.86M, and EBIT declined 10% from -$14.46M to -$15.91M.
Shopify Inc. (SHOP.TO) was downgraded to D+ from C- on 10/17/2017 due to a noticeable decline in the total return index and growth index. Operating cash flow declined 321.51% from $4M to -$8.86M, and EBIT declined 10% from -$14.46M to -$15.91M.
C
Hold
12/28/2016Upgraded
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 12/28/2016 due to an increase in the total return index, volatility index and solvency index. The quick ratio increased from 3.79 to 6.6.
Shopify Inc. (SHOP.TO) was upgraded to C- from D+ on 12/28/2016 due to an increase in the total return index, volatility index and solvency index. The quick ratio increased from 3.79 to 6.6.
D
Sell
11/1/2016Downgrade
Shopify Inc. (SH.TO) was downgraded to D+ from C- on 11/1/2016 due to a decline in the total return index.
Shopify Inc. (SH.TO) was downgraded to D+ from C- on 11/1/2016 due to a decline in the total return index.
C
Hold
10/11/2016Upgraded
Shopify Inc. (SH.TO) was upgraded to C- from D+ on 10/11/2016 due to a major increase in the total return index.
Shopify Inc. (SH.TO) was upgraded to C- from D+ on 10/11/2016 due to a major increase in the total return index.
D
Sell
8/15/2016Upgraded
Shopify Inc. (SH.TO) was upgraded to D+ from D on 8/15/2016 due to a large increase in the total return index, growth index and volatility index. Operating cash flow increased 747.33% from $655 to $5.55M, total revenue increased 19.15% from $72.72M to $86.65M, and EBIT increased 10.84% from -$9.71M to -$8.66M.
Shopify Inc. (SH.TO) was upgraded to D+ from D on 8/15/2016 due to a large increase in the total return index, growth index and volatility index. Operating cash flow increased 747.33% from $655 to $5.55M, total revenue increased 19.15% from $72.72M to $86.65M, and EBIT increased 10.84% from -$9.71M to -$8.66M.
D
Sell
6/20/2016Downgrade
Shopify Inc. (SH.TO) was downgraded to D from D+ on 6/20/2016 due to a major decline in the total return index.
Shopify Inc. (SH.TO) was downgraded to D from D+ on 6/20/2016 due to a major decline in the total return index.
D
Sell
6/3/2016Upgraded
Shopify Inc. (SH.TO) was upgraded to D+ from D on 6/3/2016 due to an increase in the volatility index and total return index.
Shopify Inc. (SH.TO) was upgraded to D+ from D on 6/3/2016 due to an increase in the volatility index and total return index.
D
Sell
5/5/2016Downgrade
Shopify Inc. (SH.TO) was downgraded to D from D+ on 5/5/2016 due to a major decline in the growth index, solvency index and efficiency index. Operating cash flow declined 86.79% from $4.96M to $655, EBIT declined 48.98% from -$6.52M to -$9.71M, and net income declined 41.57% from -$6.31M to -$8.93M.
Shopify Inc. (SH.TO) was downgraded to D from D+ on 5/5/2016 due to a major decline in the growth index, solvency index and efficiency index. Operating cash flow declined 86.79% from $4.96M to $655, EBIT declined 48.98% from -$6.52M to -$9.71M, and net income declined 41.57% from -$6.31M to -$8.93M.
D
Sell
4/14/2016Upgraded
Shopify Inc. (SH.TO) was upgraded to D+ from D on 4/14/2016 due to an increase in the total return index and volatility index.
Shopify Inc. (SH.TO) was upgraded to D+ from D on 4/14/2016 due to an increase in the total return index and volatility index.
D
Sell
3/11/2016Downgrade
Shopify Inc. (SH.TO) was downgraded to D from D+ on 3/11/2016 due to a noticeable decline in the volatility index, total return index and efficiency index. Net income declined 35.43% from -$4.66M to -$6.31M, and total capital declined 1.01% from $197.31M to $195.32M.
Shopify Inc. (SH.TO) was downgraded to D from D+ on 3/11/2016 due to a noticeable decline in the volatility index, total return index and efficiency index. Net income declined 35.43% from -$4.66M to -$6.31M, and total capital declined 1.01% from $197.31M to $195.32M.
D
Sell
1/25/2016Upgraded
Shopify Inc. (SHOP.TO) was upgraded to D+ from E on 01/25/2016.
Shopify Inc. (SHOP.TO) was upgraded to D+ from E on 01/25/2016.
E
Sell
1/22/2016Downgrade
Shopify Inc. (SH.TO) was downgraded to E from D+ on 1/22/2016 due to a decline in the total return index and volatility index.
Shopify Inc. (SH.TO) was downgraded to E from D+ on 1/22/2016 due to a decline in the total return index and volatility index.
D
Sell
11/24/2015Downgrade
Shopify Inc. (SH.TO) was downgraded to D+ from C- on 11/24/2015 due to a major decline in the volatility index, growth index and efficiency index. Operating cash flow declined 97.63% from $6.68M to $158, earnings per share declined from -$0.0621 to -$0.0614, and total capital declined 1.13% from $199.55M to $197.31M.
Shopify Inc. (SH.TO) was downgraded to D+ from C- on 11/24/2015 due to a major decline in the volatility index, growth index and efficiency index. Operating cash flow declined 97.63% from $6.68M to $158, earnings per share declined from -$0.0621 to -$0.0614, and total capital declined 1.13% from $199.55M to $197.31M.
C
Hold
10/28/2015Downgrade
Shopify Inc. (SH.TO) was downgraded to C- from C on 10/28/2015 due to a decline in the total return index and volatility index.
Shopify Inc. (SH.TO) was downgraded to C- from C on 10/28/2015 due to a decline in the total return index and volatility index.
C
Hold
9/25/2015Upgraded
Shopify Inc. (SH.TO) was upgraded to C from C- on 9/25/2015 due to a noticeable increase in the volatility index and total return index.
Shopify Inc. (SH.TO) was upgraded to C from C- on 9/25/2015 due to a noticeable increase in the volatility index and total return index.
C
Hold
9/8/2015Downgrade
Shopify Inc. (SH.TO) was downgraded to C- from C on 9/8/2015 due to a decline in the total return index and volatility index.
Shopify Inc. (SH.TO) was downgraded to C- from C on 9/8/2015 due to a decline in the total return index and volatility index.
C
Hold
8/21/2015Upgraded
Shopify Inc. (SH.TO) was upgraded to C from D+ on 8/21/2015 due to a significant increase in the total return index and valuation index.
Shopify Inc. (SH.TO) was upgraded to C from D+ on 8/21/2015 due to a significant increase in the total return index and valuation index.
D
Sell
8/12/2015None
Shopify Inc. (SHOP.TO) was downgraded to D+ from U on 08/12/2015.
Shopify Inc. (SHOP.TO) was downgraded to D+ from U on 08/12/2015.
