LMP Automotive Holdings is a holding company. Through its subsidiaries, Co. provides its customers the opportunity to buy, sell, rent and subscribe for, and obtain financing for automobiles both online and in person. Co. buys pre-owned automobiles through auctions or from other automobile dealers, and new automobiles from manufacturers and manufacturer distributors at fleet rates. Co. rents or subscribes by either renting automobiles to its customers or allowing them to enter into its subscription plan for automobiles. Co. sells its inventory, including automobiles previously included in its rental and subscription programs, to customers as well, and then Co. repeats the whole process. We show 9 historical shares outstanding datapoints in our coverage of LMPX's shares outstanding history.
Understanding the changing numbers of LMPX shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like LMPX versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching LMPX by allowing them to research LMPX shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
