Fitell Corporation, through GD Wellness Pty Ltd (GD), its wholly owned subsidiary, is an online retailer of gym and fitness equipment both under its brands and other brand names in Australia. Co. operates in two segments: the online fitness equipment distribution and the licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority of its fitness equipment business is conducted in Australia through its own e-commerce platform and, to a lesser extent, through third-party sites. Its licensing service offers a turnkey solution for personal training studios and commercial gym chains. We show 1 historical shares outstanding datapoints in our FTEL shares outstanding history coverage, used to compute FTEL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FTEL market cap history over the course of time is important for investors
interested in comparing FTEL'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 FTEL versus a peer is one thing; comparing
FTEL 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 FTEL can fluctuate over the course of history.
With this page we aim to empower investors researching FTEL by allowing them to research the FTEL market cap history. |
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Video: The Importance of Market Cap
