Shopify Inc
Section 1: Company Overview
Shopify Inc. (TSX: SHOP) offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions and merchant solutions. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores. This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
1.1 The Key Positives, Negatives, Investment Highlights, and Risks
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Key Metrics
Below charts depict the change in Debt to Equity, Current Ratio and Gross margins ratios of the Company for the last one year.
Section 4: Stock Recommendation Summary
4.1 Valuation Methodology Illustrative EV to Sales Based
4.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~16.81% in 1 month and of ~7.68% over the last 3 months. Moreover, the stock is trading above the average of 52-week high price of CAD 123.20 and 52-week low price of CAD 63.16 providing an opportunity to ride the trend.
4.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of May 07, 2024). Source: REFINITIV, Analysis: Kalkine Group
4.4 Technical Summary
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 07, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
Docebo Inc
Section 1: Company Overview
Docebo Inc (TSX: DCBO) offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
1.1 The Key Positives, Negatives, Investment Highlights, and Risks
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Key Metrics
Below charts depict the change in Gross Margin, EBITDA Margin, Current Ratio and ROE ratios of the Company for the last one year.
Section 4: Stock Recommendation Summary
4.1 Valuation Methodology
Valuation Methodology (Illustrative): EV/ Sales based
4.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~4.46% in 1 week and a downside of ~1.09% over the last 1 month. Moreover, the stock is trading above the average 52-week high price of CAD 76.27 and 52-week low price of CAD 39.81 providing an opportunity to ride the trend.
4.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of May 7, 2024). Source: REFINITIV, Analysis: Kalkine Group
4.4 Technical Summary
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on May 7, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
Disclaimer-
This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.
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