Smart Sand is a frac sand supply and services company. Co. produces Northern White frac sand, which is a proppant used to improve hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Co. provides proppant logistics solutions through its in-basin transloading terminal and its SmartSystems™ wellsite proppant storage capabilities. Co. markets its products and services to oil and natural gas exploration and production companies, oilfield service companies and industrial manufacturers, and sells its sand under a combination of long-term take-or-pay contracts and spot sales in the open market, and provides wellsite proppant storage solutions services and equipment. We show 31 historical shares outstanding datapoints in our SND shares outstanding history coverage, used to compute SND market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SND market cap history over the course of time is important for investors
interested in comparing SND'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 SND versus a peer is one thing; comparing
SND 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 SND can fluctuate over the course of history.
With this page we aim to empower investors researching SND by allowing them to research the SND market cap history. |
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Video: The Importance of Market Cap
