Ocean Bio-Chem is engaged in the manufacture, marketing, and distribution of a line of appearance, performance and maintenance products for the marine, automotive, power sports, recreational vehicle, home care and outdoor power equipment markets, under the Star brite® and Star Tron® brand names. Co. sells these products within the U.S. and Canada. In addition, Co. produces private label formulations of its products for various customers and provides custom blending and packaging services for these and other products. Co. also manufactures, markets and distributes chlorine dioxide-based deodorizing disinfectant, and sanitizing products under the Star brite® and Performacide® brand names. We show 51 historical shares outstanding datapoints in our OBCI shares outstanding history coverage, used to compute OBCI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OBCI market cap history over the course of time is important for investors
interested in comparing OBCI'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 OBCI versus a peer is one thing; comparing
OBCI 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 OBCI can fluctuate over the course of history.
With this page we aim to empower investors researching OBCI by allowing them to research the OBCI market cap history. |
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Video: The Importance of Market Cap
