SmileDirectClub is a holding company. Through its subsidiaries, Co. is engaged by its network of doctors to provide a suite of non-clinical administrative support services, including access to and use of its SmileCheck platform, as a dental support organization. All of Co.'s member data is stored in its SmileCheck platform, a proprietary central data repository for all medical records, business transactions, and member communications. SmileCheck supports uniform access to, and use of, member information across any internet-connected device. Co.'s doctor network also uses SmileCheck for case assignment and management. We show 17 historical shares outstanding datapoints in our SDC shares outstanding history coverage, used to compute SDC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SDC market cap history over the course of time is important for investors
interested in comparing SDC'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 SDC versus a peer is one thing; comparing
SDC 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 SDC can fluctuate over the course of history.
With this page we aim to empower investors researching SDC by allowing them to research the SDC market cap history. |
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Video: The Importance of Market Cap
