East Stone Acquisition is a blank check companyand formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. We show 10 historical shares outstanding datapoints in our ESSC shares outstanding history coverage, used to compute ESSC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ESSC market cap history over the course of time is important for investors
interested in comparing ESSC'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 ESSC versus a peer is one thing; comparing
ESSC 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 ESSC can fluctuate over the course of history.
With this page we aim to empower investors researching ESSC by allowing them to research the ESSC market cap history. |
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Video: The Importance of Market Cap
