Ebang International Holdings is a holding company. Through its subsidiaries, Co. is engaged in manufacturing Bitcoin mining machines and telecommunication products. Co.'s blockchain products business is comprised of Bitcoin mining machine sales and mining machine hosting services. Co.'s technology and personnel in ASIC applications is dedicated to its blockchain products business, which consists of the design, development, production and sales of its ASIC-based Bitcoin mining machines under the Ebit brand. Co.'s communications network devices mainly focus on the access layer, which is the entry point for providing access to the telecommunications network for end users. We show 2 historical shares outstanding datapoints in our EBON shares outstanding history coverage, used to compute EBON market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EBON market cap history over the course of time is important for investors
interested in comparing EBON's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EBON versus a peer is one thing; comparing
EBON market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EBON can fluctuate over the course of history.
With this page we aim to empower investors researching EBON by allowing them to research the EBON market cap history. |
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Video: The Importance of Market Cap
