Scorpio Bulkers is a holding company. Through its subsidiaries, Co. is engaged as a shipping company that owns and operates newbuilding drybulk carriers with specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). All of Co.'s owned vessels have carrying capacities of greater than 60,000 dwt. Co.'s vessels transport a range of major and minor bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes, and are employed primarily in the spot market or in spot market-oriented pools of similarly sized vessels. Co. is organized by vessel type into two operating segments: Ultramax Operations; and Kamsarmax Operations. We show 7 historical shares outstanding datapoints in our SALT shares outstanding history coverage, used to compute SALT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SALT market cap history over the course of time is important for investors
interested in comparing SALT'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 SALT versus a peer is one thing; comparing
SALT 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 SALT can fluctuate over the course of history.
With this page we aim to empower investors researching SALT by allowing them to research the SALT market cap history. |
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Video: The Importance of Market Cap
