Beasley Broadcast Group is a multi-platform media company whose main business is operating radio stations. Co. provides advertisers integrated marketing solutions across audio, digital and event platforms. Co. operates radio stations in Atlanta and Augusta, GA; Boston, MA; Charlotte and Fayetteville, NC; Detroit, MI; Fort Myers-Naples, Tampa-Saint Petersburg, West Palm Beach-Boca Raton, FL; Las Vegas, NV; Middlesex, Monmouth, and Morristown, NJ; Philadelphia, PA; and Wilmington, DE. Co. sells advertiser promotions and advertising on its websites and sells advertising airtime during audio streaming of its radio stations over the internet. Co. also sells other digital products and services. We show 56 historical shares outstanding datapoints in our BBGI shares outstanding history coverage, used to compute BBGI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BBGI market cap history over the course of time is important for investors
interested in comparing BBGI'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 BBGI versus a peer is one thing; comparing
BBGI 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 BBGI can fluctuate over the course of history.
With this page we aim to empower investors researching BBGI by allowing them to research the BBGI market cap history. |
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Video: The Importance of Market Cap
