Sorry, this is a stupid question…but from my very limited time in the market, it is obvious that I may have been much better off asking stupid questions and then investing, rather than assuming things and investing stupidly.
Which stock screener is reliable?
I normally look at yahoo finance…and today, I was shocked to see some metrics which seemed so different to what was there in January this year, at least in one of the stocks.
This is regarding SHOPIFY (Yes, another one of my stocks that I bought last year as Motely fool rated it very highly, an dis deep under water).
On Feb 3rd 2022, it had a price of 900, and it’s P/E was reported to be 34.
Now, it’s price is 363, and it has a P/E of 293!
I just do not understand how that is possible. It’s price has dropped by 58% since Feb 2022…Has its earning dropped so dramatically such that even after the price dropping so much, the P/E managed to rise from 34 to 293?
Interestingly, I seem to vaguely remember that even during that time in Feb 2022, someone mentioned that its adjusted P/E was 98 or so, but I was not sure how they managed to find that, as yahoo finance positively stated only 34!
So, what stock screeners are better suited/ more reliable?
Thanks so much,