Elys Game Technology is a licensed gaming operator in the Italian leisure betting market providing gaming services through two distribution channels: an online channel and a land-based retail channel. Co. owns and operates a betting software named Elys Game Board, which is an omni-channel framework that combines centralized technology for updating, servicing and operations with multi-channel functionality to accept various forms of customer payment through the two distribution channels. Co.'s gaming products include: sports betting, online casino, poker and horse racing. Co. has a web-based platform under the branded website www.newgioco.it, which serves both players directly and web-shops. We show 11 historical shares outstanding datapoints in our ELYS shares outstanding history coverage, used to compute ELYS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ELYS market cap history over the course of time is important for investors
interested in comparing ELYS'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 ELYS versus a peer is one thing; comparing
ELYS 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 ELYS can fluctuate over the course of history.
With this page we aim to empower investors researching ELYS by allowing them to research the ELYS market cap history. |
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Video: The Importance of Market Cap
