HireQuest is a holding company. Through its subsidiaries, Co. provides direct-dispatch, executive search, and commercial staffing solutions. Co.'s franchisees provide temporary personnel under the trade names: HireQuest Direct, which focuses on industrial and construction personnel; HireQuest and Snelling Staffing and affiliates, which focus on industrial personnel, clerical and administrative personnel, and permanent placement services; DriverQuest, which focuses on both commercial and non-CDL drivers; HireQuest Health, which focuses on personnel in the medical and dental industries; and Northbound Executive Search and MRINetwork, which focus on executive placement and consultant services. We show 16 historical shares outstanding datapoints in our HQI shares outstanding history coverage, used to compute HQI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HQI market cap history over the course of time is important for investors
interested in comparing HQI'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 HQI versus a peer is one thing; comparing
HQI 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 HQI can fluctuate over the course of history.
With this page we aim to empower investors researching HQI by allowing them to research the HQI market cap history. |
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Video: The Importance of Market Cap
