Universal Digital (XCNQ:LFG) Shares Outstanding (Diluted Average) : 6.44 Mil (As of Oct. 2024)

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What is Universal Digital Shares Outstanding (Diluted Average)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Universal Digital's average diluted shares outstanding for the quarter that ended in Oct. 2024 was 6.44 Mil.

Universal Digital Shares Outstanding (Diluted Average) Historical Data

The historical data trend for Universal Digital's Shares Outstanding (Diluted Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Universal Digital Shares Outstanding (Diluted Average) Chart

Universal Digital Annual Data

Trend

Jan22

Jan23

Jan24

Shares Outstanding (Diluted Average)

4.66

4.55

5.67

Universal Digital Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial										6.25	6.32	6.35	6.57	6.44

Universal Digital Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Universal Digital (XCNQ:LFG) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Universal Digital Shares Outstanding (Diluted Average) Related Terms

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Universal Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Universal Digital Inc (XCNQ:LFG) » Definitions » Shares Outstanding (Diluted Average)

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Traded in Other Exchanges

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Address

885 West Georgia Street, Vancouver, BC, CAN, V6C 3E8

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.