|Bid||72.00 x 1100|
|Ask||75.06 x 1100|
|Day's range||69.06 - 75.47|
|52-week range||56.15 - 239.26|
|Beta (5Y monthly)||2.56|
|PE ratio (TTM)||22.96|
|Earnings date||18 July 2022 - 22 July 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||175.00|
Now investors can add one more item to the list of concerns: Shopify reported a $1.47 billion net loss in Q1 2022, compared to a $1.26 billion net profit a year ago. During the full-year 2021 financial update a few months ago, Shopify outlined how it would ramp up its investment in its shipping and logistics segment Shopify Fulfillment Network (SFN) in the next couple of years. This concerned some shareholders as Shopify continuously moves away from its ultra-asset-light and profitable e-commerce software business as it tries to woo over more merchants from platforms like Amazon.
Bitcoin (CRYPTO: BTC) was up as much as 3.5% in the past 24 hours, as of 2 p.m. ET, but is still off 4.7% in the past week. Its smaller rival Ethereum (CRYPTO: ETH) is up 3.2% today but is off 13.1% in the past week. Silvergate Capital (NYSE: SI), which is a digital finance company, has also seen its value rise as much as 13.2% in trading today, although it's up 10.9% as I'm writing.
Shares of many crypto stocks struggled today, as the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), continued to sell off over the weekend. The price of Bitcoin traded below $32,800 as of this writing. Shares of the large crypto exchange Coinbase Global (NASDAQ: COIN) traded nearly 12% lower, as of 10:38 a.m. ET today.