LMP Automotive Holdings is a holding company. Through its subsidiaries, Co. provides its customers the opportunity to buy, sell, rent and subscribe for, and obtain financing for automobiles both online and in person. Co. buys pre-owned automobiles through auctions or from other automobile dealers, and new automobiles from manufacturers and manufacturer distributors at fleet rates. Co. rents or subscribes by either renting automobiles to its customers or allowing them to enter into its subscription plan for automobiles. Co. sells its inventory, including automobiles previously included in its rental and subscription programs, to customers as well, and then Co. repeats the whole process. We show 9 historical shares outstanding datapoints in our LMPX shares outstanding history coverage, used to compute LMPX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LMPX market cap history over the course of time is important for investors
interested in comparing LMPX'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 LMPX versus a peer is one thing; comparing
LMPX 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 LMPX can fluctuate over the course of history.
With this page we aim to empower investors researching LMPX by allowing them to research the LMPX market cap history. |
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Video: The Importance of Market Cap
