Newater Technology is a holding company. Through its subsidiaries, Co. focuses on the development, manufacture and sale of DTRO and DTNF membrane filtration products that are used in the treatment, recycling and discharge of wastewater. Co. supplies hardware and engineered systems necessary to implement integrated solutions. Co. provides engineering support and installation, technical advice and service, and project-related solutions to filter wastewater into clean water. Co. also acts as a solution provider and purify wastewater for customers, such as landfill leachate treatment and purification service. Co.'s products are DTRO membranes, DTNF membranes and water purification equipment. We show 5 historical shares outstanding datapoints in our NEWA shares outstanding history coverage, used to compute NEWA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NEWA market cap history over the course of time is important for investors
interested in comparing NEWA'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 NEWA versus a peer is one thing; comparing
NEWA 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 NEWA can fluctuate over the course of history.
With this page we aim to empower investors researching NEWA by allowing them to research the NEWA market cap history. |
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Video: The Importance of Market Cap
