On Deck Capital is engaged in online lending to small business. Co. provides term loans and lines of credit for small business owners and equipment finance loans and in Canada, a variable pay product. Co. aggregates and analyzes various of data points from data sources, and the relationships among those attributes, to assess the creditworthiness of small business. Small businesses can apply for a term loan or line of credit on Co.'s website and, using its proprietary OnDeck Score®, Co. can makes a funding decision. Co. also provides bank clients a technology and services platform that facilitates online lending to small business customers through its subsidiary, ODX, LLC. We show 23 historical shares outstanding datapoints in our ONDK shares outstanding history coverage, used to compute ONDK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ONDK market cap history over the course of time is important for investors
interested in comparing ONDK'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 ONDK versus a peer is one thing; comparing
ONDK 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 ONDK can fluctuate over the course of history.
With this page we aim to empower investors researching ONDK by allowing them to research the ONDK market cap history. |
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Video: The Importance of Market Cap
