Cyanotech is an agricultural company which engaged in the production of natural products derived from microalgae for the dietary supplements market. Co.'s products include: BioAstin® Hawaiian Astaxanthin®, a dietary antioxidant shown to support and maintain the body's natural inflammatory response, to improve skin, and to support eye, joint and immune health; and Hawaiian Spirulina Pacifica®, a dietary supplement used for extra energy, immune system, cardiovascular benefits and as a source of antioxidant carotenoids. Co. operates the cultivation and production of microalgae into natural health and nutrition products. We show 59 historical shares outstanding datapoints in our CYAN shares outstanding history coverage, used to compute CYAN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CYAN market cap history over the course of time is important for investors
interested in comparing CYAN'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 CYAN versus a peer is one thing; comparing
CYAN 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 CYAN can fluctuate over the course of history.
With this page we aim to empower investors researching CYAN by allowing them to research the CYAN market cap history. |
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Video: The Importance of Market Cap
