While the precise, real-time valuation of any publicly traded company, including Audacy Inc., fluctuates constantly with market dynamics, its worth is generally assessed through its market capitalization. This figure represents the total value of a company's outstanding shares. Based on historical data, Audacy Inc.'s market capitalization at the end of various recent years provides insight into its valuation trends.
Understanding Audacy Inc.'s Market Capitalization
Market capitalization, often referred to as "market cap," is a key indicator of a company's size and value on the stock market. It is calculated by multiplying the current share price by the total number of outstanding shares. For Audacy Inc., analyzing its market cap over time helps in understanding how its valuation has trended.
Historical Market Capitalization of Audacy Inc.
The table below presents Audacy Inc.'s market capitalization at the close of recent calendar years, illustrating its worth at those specific points in time.
| Year | Market Capitalization | Year-over-Year Change |
|---|---|---|
| 2021 | $0.37 Billion | 6.37% |
| 2020 | $0.34 Billion | -45.59% |
| 2019 | $0.63 Billion | -18.52% |
| 2018 | $0.78 Billion | -48.84% |
As observed, Audacy Inc.'s market capitalization has experienced significant fluctuations, showing a general downward trend from 2018 to 2020, followed by a slight increase in 2021. These figures represent the company's valuation at the end of each respective year, offering a historical snapshot of its market worth.
Company Valuation
