Puyi is a holding company. Through its subsidiaries, Co. is a wealth management services provider in the People's Republic of China. Co. provides wealth management services and asset management services. Co. distributes its wealth management products both online and offline through its branch network. Co.'s products distributed under its wealth management services can be divided into publicly raised fund products and privately raised fund products. Generally, for publicly raised fund products provided to the public (either unspecified investors or unlimited number of specified investors with minimum investment requirement), Co. processes the transactions online through the app Puyi Fund. We show 2 historical shares outstanding datapoints in our PUYI shares outstanding history coverage, used to compute PUYI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PUYI market cap history over the course of time is important for investors
interested in comparing PUYI'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 PUYI versus a peer is one thing; comparing
PUYI 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 PUYI can fluctuate over the course of history.
With this page we aim to empower investors researching PUYI by allowing them to research the PUYI market cap history. |
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Video: The Importance of Market Cap
