Eagle Bulk Shipping is a holding company. Through its subsidiaries, Co. is engaged in the ocean transportation of drybulk cargoes through the ownership, charter and operation of drybulk vessels. Co.'s fleet is comprised of Supramax and Ultramax drybulk carriers. Co. provides transportation solutions to a group of customers, including miners, producers, traders, and user. Typical cargoes Co. transports include both primary bulk cargoes, such as iron ore, coal and grain coal, grain, and iron ore, and minor bulk cargoes such as fertilizer, steel products, petcoke, cement, and forest products. Co.'s vessels are equipped with cargo cranes and cargo grabs. We show 36 historical shares outstanding datapoints in our EGLE shares outstanding history coverage, used to compute EGLE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EGLE market cap history over the course of time is important for investors
interested in comparing EGLE'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 EGLE versus a peer is one thing; comparing
EGLE 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 EGLE can fluctuate over the course of history.
With this page we aim to empower investors researching EGLE by allowing them to research the EGLE market cap history. |
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Video: The Importance of Market Cap
