Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. Co.'s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Co.'s concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings, and other concrete structures. We show 61 historical shares outstanding datapoints in our IIIN shares outstanding history coverage, used to compute IIIN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IIIN market cap history over the course of time is important for investors
interested in comparing IIIN'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 IIIN versus a peer is one thing; comparing
IIIN 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 IIIN can fluctuate over the course of history.
With this page we aim to empower investors researching IIIN by allowing them to research the IIIN market cap history. |
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Video: The Importance of Market Cap
