Techprecision is a manufacturer of fabricated and machined metal structural components and systems. Co. provides a range of services required to change raw materials into precision finished products. Co. sells these finished products to customers in three main industry groups: defense, energy and precision industrial. Co. also provides manufacturing engineering services. Co. does not design the products it manufactures, but rather manufactures according to requirements specified by its customers. Co. has manufactured within such industries include, but are not limited to custom components for ships and submarines, aerospace equipment, components for nuclear power plants and medical systems. We show 4 historical shares outstanding datapoints in our TPCS shares outstanding history coverage, used to compute TPCS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TPCS market cap history over the course of time is important for investors
interested in comparing TPCS'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 TPCS versus a peer is one thing; comparing
TPCS 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 TPCS can fluctuate over the course of history.
With this page we aim to empower investors researching TPCS by allowing them to research the TPCS market cap history. |
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Video: The Importance of Market Cap
