Shineco is a holding company. Through its subsidiaries' and variable interest entities' production, distribution and sales channels, Co. provides health and well-being focused plant-based products. Co.'s products are only sold domestically in China. Co.'s segments include: processing and distributing Chinese herbal medicine products as well as other pharmaceutical products; processing and distributing green and organic agricultural produce as well as growing and cultivating yew trees; and developing and distributing fabrics, textiles and other byproducts derived from a Chinese plant Apocynum Venetum, grown in the Xinjiang region of China, and known in Chinese as Luobuma or bluish dogbane. We show 22 historical shares outstanding datapoints in our TYHT shares outstanding history coverage, used to compute TYHT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TYHT market cap history over the course of time is important for investors
interested in comparing TYHT'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 TYHT versus a peer is one thing; comparing
TYHT 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 TYHT can fluctuate over the course of history.
With this page we aim to empower investors researching TYHT by allowing them to research the TYHT market cap history. |
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Video: The Importance of Market Cap
