Shopify Inc. (SHOP) is a prominent provider of essential internet infrastructure for commerce, providing dependable tools to establish, develop, promote, and manage any size retail business. The company has benefitted from the recent e-commerce boom, establishing a solid footing in the sector.
However, its shares are down 77.8% over the past year and 76.2% year-to-date to close yesterday’s trading session at $328.25. The stock has plummeted due to worries about the company's sluggish growth following the pandemic as it faces escalating competition.
