Great Lakes Dredge & Dock Corporation is a provider of dredging services. Co. is also engaged in developing offshore wind energy. Co. operates three types of dredging equipment: hopper dredges, hydraulic dredges, and mechanical dredges. Its dredging generally involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Domestically, its work generally is performed in coastal waterways and deep-water ports. Its U.S. dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers and lakes. We show 62 historical shares outstanding datapoints in our GLDD shares outstanding history coverage, used to compute GLDD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GLDD market cap history over the course of time is important for investors
interested in comparing GLDD'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 GLDD versus a peer is one thing; comparing
GLDD 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 GLDD can fluctuate over the course of history.
With this page we aim to empower investors researching GLDD by allowing them to research the GLDD market cap history. |
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Video: The Importance of Market Cap
