Nordic American Tankers is an international tanker company that has Suezmax tankers. The active fleet that Co. operated have the same freight capacity and ability to transport the same type of cargo. The vessels are primarily employed in the spot market, together with one vessel on a longer term time charter agreement. Co.'s vessels include Nordic Freedom, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Grace, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier, Nordic Light, Nordic Cross, Nordic Luna, Nordic Castor, Nordic Pollux, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus and Newbuilding. We show 16 historical shares outstanding datapoints in our NAT shares outstanding history coverage, used to compute NAT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NAT market cap history over the course of time is important for investors
interested in comparing NAT'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 NAT versus a peer is one thing; comparing
NAT 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 NAT can fluctuate over the course of history.
With this page we aim to empower investors researching NAT by allowing them to research the NAT market cap history. |
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Video: The Importance of Market Cap
