Hydrofarm is a holding company. Through its subsidiaries, Co. is a manufacturer and distributor of controlled environment agriculture, mainly hydroponics equipment and supplies. Co.'s products are used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end users to control key farming variables including temperature, humidity, CO2, light intensity spectrum, nutrient concentration and pH. Co. distributes its commercial and home gardening equipment and supplies to hydroponic retailers, commercial resellers and greenhouse builders, garden centers, hardware stores, and e-commerce retailers. We show 6 historical shares outstanding datapoints in our HYFM shares outstanding history coverage, used to compute HYFM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HYFM market cap history over the course of time is important for investors
interested in comparing HYFM'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 HYFM versus a peer is one thing; comparing
HYFM 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 HYFM can fluctuate over the course of history.
With this page we aim to empower investors researching HYFM by allowing them to research the HYFM market cap history. |
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Video: The Importance of Market Cap
