Singularity Future Technology Ltd. is engaged in the digital assets business. Co. operates through two segments: freight logistics services and sale of crypto-mining machines. The freight logistics services segment includes shipping and warehouse services. The sale of crypto-mining machines segment is engaged in the purchase and sale of crypto mining machines, through its subsidiary, Thor Miner Inc. (Thor Miner). It has a product of THOR crypto mining rigs. Its services also include a mining farm. Its BTC miners include S99 MAX, S99 PRO and S99. Co. conducts its business primarily through its wholly owned subsidiaries in the PRC (including Hong Kong) and the U.S.. We show 10 historical shares outstanding datapoints in our SGLY shares outstanding history coverage, used to compute SGLY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SGLY market cap history over the course of time is important for investors
interested in comparing SGLY'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 SGLY versus a peer is one thing; comparing
SGLY 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 SGLY can fluctuate over the course of history.
With this page we aim to empower investors researching SGLY by allowing them to research the SGLY market cap history. |
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Video: The Importance of Market Cap
