Switchback II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. We show 3 historical shares outstanding datapoints in our SWBK shares outstanding history coverage, used to compute SWBK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SWBK market cap history over the course of time is important for investors
interested in comparing SWBK'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 SWBK versus a peer is one thing; comparing
SWBK 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 SWBK can fluctuate over the course of history.
With this page we aim to empower investors researching SWBK by allowing them to research the SWBK market cap history. |
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Video: The Importance of Market Cap
