10 Most Volatile Stocks To Buy Right Now

6. Shopify (NASDAQ:SHOP)  

Number of Hedge Fund Investors: 56  

Beta: 2.36

Shopify (NASDAQ:SHOP) is a leading e-commerce platform that enables businesses to set up and manage online stores with a user-friendly interface and a suite of powerful tools. The company empowers entrepreneurs to build their brands and sell products effectively.

One of the key drivers of Shopify’s (NASDAQ:SHOP) growth is its lending program, Shopify Capital, which has already extended $5.1 billion in credit to merchants. This program is potentially disrupting traditional banks and venture funds by offering loans to merchant revenue, which allows the company to tap into a large and growing market of providing loans to small and medium-sized businesses that are often underserved by traditional banks.

Shopify (NASDAQ:SHOP) loans have an APR range between 32% and 45%. This high-yielding loan portfolio provides the company with a significant source of revenue and profit, which can be used to fuel further growth and expansion. By packaging the loans into securities and selling them to investors, Shopify (NASDAQ:SHOP) can also free up capital to invest in other areas of the business.

Alternatively, Shopify (NASDAQ:SHOP) can hold the loans for returns on idle capital. With APRs ranging between 32% and 45%, Shopify (NASDAQ:SHOP) can generate significant returns on its investment, which can be used to fuel further growth and expansion.

Shopify’s (NASDAQ:SHOP) unique business model, combined with its highly profitable lending program, makes it an attractive investment opportunity for those looking for growth and income.