ChampionX is a provider of engineered equipment and technologies. Co. has four reportable segments: Production Chemical Technologies, which provides products and services that cover a range of onshore and offshore chemical solutions in production and midstream operations; Production and Automation Technologies, which provides products, technologies, and services that facilitate the extraction of oil and gas through artificial lift and digital automation applications; Drilling Technologies, which provides polycrystalline diamond cutter inserts, bearings, valves, and mining tools; and Reservoir Chemical Technologies, which provides chemistry-oriented solutions and technologies. We show 20 historical shares outstanding datapoints in our CHX shares outstanding history coverage, used to compute CHX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CHX market cap history over the course of time is important for investors
interested in comparing CHX'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 CHX versus a peer is one thing; comparing
CHX 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 CHX can fluctuate over the course of history.
With this page we aim to empower investors researching CHX by allowing them to research the CHX market cap history. |
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Video: The Importance of Market Cap
