Diamond Eagle Acquisition is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which Co. refers to as its initial business combination. We show 4 historical shares outstanding datapoints in our DEAC shares outstanding history coverage, used to compute DEAC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DEAC market cap history over the course of time is important for investors
interested in comparing DEAC'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 DEAC versus a peer is one thing; comparing
DEAC 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 DEAC can fluctuate over the course of history.
With this page we aim to empower investors researching DEAC by allowing them to research the DEAC market cap history. |
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Video: The Importance of Market Cap
