Dover Downs Gaming & Entertainment is a holding company. Through its subsidiaries, Co. is a gaming and entertainment resort destination. Co.'s operations consist of: Dover Downs Casino, a casino complex featuring table games, a poker room, a Race and Sports Book operation, the Dover Downs' Fire and Ice Lounge, the Festival Buffet, Frankie's Italian restaurant, and several bars, restaurants and retail outlets; Dover Downs Hotel and Conference Center, a hotel with a restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities; and Dover Downs Raceway, a harness racing track with pari-mutuel wagering on live and simulcast horse races. We show 37 historical shares outstanding datapoints in our DDE shares outstanding history coverage, used to compute DDE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DDE market cap history over the course of time is important for investors
interested in comparing DDE'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 DDE versus a peer is one thing; comparing
DDE 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 DDE can fluctuate over the course of history.
With this page we aim to empower investors researching DDE by allowing them to research the DDE market cap history. |
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Video: The Importance of Market Cap
