Electramecccanica Vehicles is a development-stage electric vehicle (EV) manufacturing company. Co.'s primary EV is the SOLO, a single seat vehicle. Co. has another EV candidate in early design development stage, the Tofino, an all-electric, two-seater roadster. The SOLO contains a number of standard features including: LCD Digital Instrument Cluster; Power Windows, heated seats; heater and defogger; and keyless remote entry. Co. operates in two reportable business segments in Canada: Electric Vehicles, which includes the development and manufacture of electric vehicles for mass markets; and Custom built vehicles, which includes the development and manufacture of custom-built vehicles. We show 7 historical shares outstanding datapoints in our SOLO shares outstanding history coverage, used to compute SOLO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SOLO market cap history over the course of time is important for investors
interested in comparing SOLO'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 SOLO versus a peer is one thing; comparing
SOLO 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 SOLO can fluctuate over the course of history.
With this page we aim to empower investors researching SOLO by allowing them to research the SOLO market cap history. |
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Video: The Importance of Market Cap
