500.com is a holding company. Co. provides several different lines of services, including online gaming services through its subsidiary, The Multi Group Ltd; financial technology services through its controlled subsidiary, Shenzhen Kaisheng Jinfu Enterprise Management Co., Ltd.; and physical channels for selling sports lottery tickets. Co. has two reportable segments, including the People's Republic of China and Europe. We show 1 historical shares outstanding datapoints in our WBAI shares outstanding history coverage, used to compute WBAI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WBAI market cap history over the course of time is important for investors
interested in comparing WBAI'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 WBAI versus a peer is one thing; comparing
WBAI 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 WBAI can fluctuate over the course of history.
With this page we aim to empower investors researching WBAI by allowing them to research the WBAI market cap history. |
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Video: The Importance of Market Cap
