Socket Mobile is a provider of data capture and delivery solutions for mobile applications used in Retail, Commercial Services, Industrial and Manufacturing, Transportation and Logistics, and Health Care. Co.'s primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications technologies that connect over Bluetooth. All products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple® (iOS), Google™ (Android™) and Microsoft® (Windows®). Co. provides a software developer kit to application providers, which enables them to provide their consumers its barcode scanning features. We show 58 historical shares outstanding datapoints in our SCKT shares outstanding history coverage, used to compute SCKT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SCKT market cap history over the course of time is important for investors
interested in comparing SCKT'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 SCKT versus a peer is one thing; comparing
SCKT 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 SCKT can fluctuate over the course of history.
With this page we aim to empower investors researching SCKT by allowing them to research the SCKT market cap history. |
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Video: The Importance of Market Cap
