Shopify Inc. (SHOP) is a cloud-based, multi-channel commerce platform for small and medium-sized enterprises. The firm provides subscription solutions as well as merchant solutions. Merchants use the company's software to run their businesses across multiple sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.
The company’s shares have plunged 80.1% over the past year and 77.1% year-to-date to close its last trading session at $31.55. In addition, its shares are currently trading 82.1% below their 52-week high of $176.29.
