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Love is in the air…and so are the prices of some trending stocks! With Valentine’s Day just around the corner, let’s follow the theme and take a peek at some stocks that are turning heads: Bumble Inc (NASDAQ: BMBL, BMBL:US), Shopify Inc (TSX:SHOP) and Aritzia Ins (TSX:ATZ).
While falling in love with stocks may not be a helpful plan, learning more about them before taking the leap of faith (with your investment) could be helpful. So let us dive in and analyze the recent performance of these three stocks.
Bumble Inc (NASDAQ: BMBL, BMBL:US)
Current Stock Price: US$ 70.3
The Bumble app may or may not be where you seek your Valentine’s Day date, but its stocks seem to have piqued quite a bit of interest among investors.
The debutant stocks of Bumble Inc catapulted by almost 64 per cent on its first day on the equity markets on Thursday, February 11, jumping from an initial public offering (IPO) price of US$ 43 to close at US$ 70.3.
Bumble stocks, which are currently trending on the market, soared to a high of US$ 79.6 intraday. The company currently secures a market cap of US$ 7.7 billion.
Shopify Inc (TSX:SHOP)
Current Stock Price: C$ 1,858.01
With online shopping on most peoples’ mind ahead of Valentine’s Day, let’s talk about Shopify stocks.
The top Canadian online shopping mart has been a trending favorite on the Toronto Stock Exchange for a while now. In the midst of the coronavirus pandemic, as the demand for online shopping expanded, Shopify’s use and stock price also grew through last year.
Shopify stocks hit an all-time high of C$ 1,858.01 on Thursday. The e-commerce platform saw its share value surge by almost 30 per cent year-to-date (YTD). In the last one year, it has shot up by about 192 per cent.
On the financial front, Shopify recorded a whopping 96 per cent year-over-year (YoY) increase in its revenue of US$ 767.4 million for Q3 2020. Its Gross Merchandise Volume (GMV) expanded by 109 per cent YoY to US$ 30.9 billion in the third quarter ending 30 September 2020. It also reported a 75 per cent YoY increase in its global Black Friday sales of US$ 2.4 billion last year.
Aritzia Inc (TSX:ATZ)
Current Stock Price: C$ 28.68
Since we’re on the topics of shopping and Valentine’s Day, a nice outfit also makes the checklist. And speaking of clothes, stocks of fashion retailer Aritzia Inc (TSX:ATZ) have ballooned by nearly 60 per cent in the last six months.
Aritzia shares, currently trending high on the TSX among top consumer stocks, grew about 11 per cent this year and by over 24 per cent in the period of last three months.
With a market cap of C$ 2.4 billion, Aritzia recorded a 79 per cent YoY jump in its e-commerce revenue for the third fiscal quarter ending 29 November 2020. Its net revenue for in Q3 FY21 was up by 4.1 per cent YoY to C$ 278.3 million.
By the end of Q3 FY21, the Vancouver-based apparel company saw 82 per cent of its boutiques reopening.
So there you go, three trending stocks for you to glance through before you are off to celebrate Valentine’s Day this weekend. Enjoy!
