Weidai is a holding company. Through its subsidiaries, Co. is engaged in the online finance marketplace business in the People's Republic of China. Co.'s platform serves as the intermediary for borrowers with funding needs. Co. provides auto-backed loan products, which refer to loans secured by an automobile registered in the borrower's name. Auto-backed loan borrowers provide investors the title of their automobiles as collaterals by registering such automobile collaterals at local automobile administrative offices, and are not required to hand over their automobiles. Co. provides other loans such as professional credit loans, construction machinery loans, home equity loans and others. We show 1 historical shares outstanding datapoints in our WEI shares outstanding history coverage, used to compute WEI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WEI market cap history over the course of time is important for investors
interested in comparing WEI'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 WEI versus a peer is one thing; comparing
WEI 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 WEI can fluctuate over the course of history.
With this page we aim to empower investors researching WEI by allowing them to research the WEI market cap history. |
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Video: The Importance of Market Cap
