Qudian is a holding company. Through its subsidiaries, variable interest entities (VIEs) and subsidiaries of the VIEs, Co. is principally engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China (PRC). Under Co.'s loan book business, Co. provided small cash credit products to consumers and undertook the related credit risk. Co.'s cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to its approval at the time of each drawdown request. We show 1 historical shares outstanding datapoints in our QD shares outstanding history coverage, used to compute QD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing QD market cap history over the course of time is important for investors
interested in comparing QD'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 QD versus a peer is one thing; comparing
QD 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 QD can fluctuate over the course of history.
With this page we aim to empower investors researching QD by allowing them to research the QD market cap history. |
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Video: The Importance of Market Cap
