Pyxis Tankers is a holding company. Through its subsidiaries, Co. is engaged as an international maritime transportation company focused on the product tanker sector. Co.'s fleet is comprised of double hull product tankers, which are employed under a mix of spot and medium-term time charters. Some of the vessels in the fleet are medium range tankers and some are short-range tanker sister ships. Each of the vessels in the fleet has International Maritime Organization certifications and is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals. We show 6 historical shares outstanding datapoints in our PXS shares outstanding history coverage, used to compute PXS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PXS market cap history over the course of time is important for investors
interested in comparing PXS'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 PXS versus a peer is one thing; comparing
PXS 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 PXS can fluctuate over the course of history.
With this page we aim to empower investors researching PXS by allowing them to research the PXS market cap history. |
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Video: The Importance of Market Cap
