Fresh Tracks Therapeutics is a clinical-stage pharmaceutical company focused on the development of prescription therapeutics for the treatment of debilitating skin diseases with a focus on its main asset for the treatment of hyperhidrosis. Co.'s investigational product candidate, sofpironium bromide, is a chemical entity that belongs to a class of medications called anticholinergics. Anticholinergics block the action of acetylcholine, a chemical that transmits signals within the nervous system that are responsible for a range of bodily functions, including activation of the sweat glands. Co. is developing sofpironium bromide in the U.S. for the treatment of primary axillary hyperhidrosis. We show 3 historical shares outstanding datapoints in our FRTX shares outstanding history coverage, used to compute FRTX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FRTX market cap history over the course of time is important for investors
interested in comparing FRTX'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 FRTX versus a peer is one thing; comparing
FRTX 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 FRTX can fluctuate over the course of history.
With this page we aim to empower investors researching FRTX by allowing them to research the FRTX market cap history. |
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Video: The Importance of Market Cap
