Forum Energy Technologies serves the oil, natural gas, industrial and renewable energy industries. Co.'s segments include: drilling and downhole, which designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift and subsea energy construction markets; completions, which designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets; and production, which designs, manufactures and supplies products and provides related equipment and services for production and infrastructure markets. We show 50 historical shares outstanding datapoints in our FET shares outstanding history coverage, used to compute FET market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FET market cap history over the course of time is important for investors
interested in comparing FET'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 FET versus a peer is one thing; comparing
FET 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 FET can fluctuate over the course of history.
With this page we aim to empower investors researching FET by allowing them to research the FET market cap history. |
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Video: The Importance of Market Cap
