Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Shift Technologies's share price for the quarter that ended in Jun. 2023 was $2.17. Shift Technologies's Shares Outstanding (EOP) for the quarter that ended in Jun. 2023 was 17.0 Mil. Therefore, Shift Technologies's market cap for the quarter that ended in Jun. 2023 was $36.9 Mil.
Shift Technologies's quarterly market cap
declined
from Dec. 2022 ($25.6 Mil) to Mar. 2023 ($19.3 Mil) but then
increased
from Mar. 2023 ($19.3 Mil) to Jun. 2023 ($36.9 Mil).
Shift Technologies's annual market cap
declined
from Dec. 2020 ($693.9 Mil) to Dec. 2021 ($277.5 Mil) and
declined
from Dec. 2021 ($277.5 Mil) to Dec. 2022 ($25.6 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Shift Technologies's Enterprise Value for Today is $176.8 Mil.
Shift Technologies Market Cap Historical Data
The historical data trend for Shift Technologies's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Shift Technologies's Market Cap
For the Auto & Truck Dealerships subindustry, Shift Technologies's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shift Technologies's Market Cap Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shift Technologies's Market Cap distribution charts can be found below:
* The bar in red indicates where Shift Technologies's Market Cap falls into.
Shift Technologies Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Shift Technologies's Market Cap for the fiscal year that ended in Dec. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shift Technologies (OTCPK:SFTGQ) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Shift Technologies Market Cap Related Terms
Thank you for viewing the detailed overview of Shift Technologies's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Shift Technologies (Shift Technologies) Business Description
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
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