|Bid||6.10 x 1800|
|Ask||6.15 x 29200|
|Day's range||5.89 - 6.20|
|52-week range||2.70 - 6.89|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.71|
While BlackBerry Limited (TSE:BB) might not be the most widely known stock at the moment, it led the TSX gainers with...
BlackBerry (BB) partners with Plus to revamp the latter's Class 8 autonomous trucks on the back of its avant-garde QNX technology.
(Bloomberg) -- After a dizzying pandemic-induced rally in 2020, investors in e-commerce giant Shopify Inc. are wondering what comes next.The Ottawa-based company is now Canada’s most valuable company, trading at more than twice the peak value of BlackBerry Ltd. in 2008, which was once the nation’s tech darling. Its 175% ascent this year has been helped in no small part by a surge in demand for online shopping as consumers around the world were housebound by Covid-19 lockdowns.“The looming question for Shopify and really all e-commerce related businesses is can they sustain that momentum that we’ve seen in the early half of the year into the second half, especially as stimulus is tapered off here in the United States,” Samad Samana, an analyst with Jefferies LLC, said last week.South of the border, the shine is coming off some tech stocks that investors once thought were early pandemic winners. Last week, cloud-software provider Fastly Inc. plummeted to its worst session on record after reporting a revenue warning for the third quarter. And Netflix Inc. slumped after it added few new customers since April.Read more: David Einhorn Says Tech Stocks Are in an ‘Enormous’ BubbleShopify is expected to report third-quarter revenue of $663.5 million on Thursday, which represents growth of about 70% from a year earlier, according to data compiled by Bloomberg. Gross merchandise volume, which represents the value of all goods sold on the platform, is also seen growing more than 70% to $26.1 billion, according to a Bloomberg Consensus estimate. Any forward-looking commentary will also be closely scrutinized after the company suspended full-year guidance in April.Shopify’s growing footprint means analysts will also be looking to it as an indicator of underlying consumer demand, Samana said. The company has previously said risks include the potential for unemployment to surge as the pandemic drags on, hurting consumer spending and new shop creation.“Given the elevated spending trends and outsized tailwinds to e-commerce adoption driven by Covid, and now with increasing signals of these tailwinds extending into 2021, we look for signs of Shopify being able to sustain growth rates even when the macro environment returns to normal,” Morgan Stanley analyst Keith Weiss said in Oct. 21 research note.Founded in 2004 by Tobi Lutke, Shopify’s early business was helping retailers shift sales online, but it has since expanded to offer access to capital, payments and shipping solutions.Read more: Iowa Farmer Finds Fortune in Selling Carbon Credits to ShopifyThe company claimed the second-largest share of online retail sales in the U.S. last year, behind Amazon.com Inc., but ahead of eBay Inc. and Walmart Inc..For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.