Hub Net Worth
Hub Net Worth Breakdown | HUBG |
Hub Net Worth Analysis
Hub's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Hub's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Hub's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Hub's net worth analysis. One common approach is to calculate Hub's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Hub's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Hub's net worth. This approach calculates the present value of Hub's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Hub's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Hub's net worth. This involves comparing Hub's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Hub's net worth relative to its peers.
Enterprise Value |
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To determine if Hub is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Hub's net worth research are outlined below:
Hub Group has a poor financial position based on the latest SEC disclosures | |
Over 96.0% of the company shares are owned by institutional investors | |
Latest headline from news.google.com: Everence Capital Management Inc. Lowers Stock Holdings in Hub Group, Inc. - MarketBeat |
Hub Quarterly Good Will |
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Hub uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Hub Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Hub's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
1st of February 2024 Upcoming Quarterly Report | View | |
25th of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
1st of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Hub Target Price Consensus
Hub target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Hub's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
16 | Buy |
Most Hub analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Hub stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Hub Group, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationHub Target Price Projection
Hub's current and average target prices are 44.83 and 48.60, respectively. The current price of Hub is the price at which Hub Group is currently trading. On the other hand, Hub's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Hub Target Price
Know Hub's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Hub is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hub Group backward and forwards among themselves. Hub's institutional investor refers to the entity that pools money to purchase Hub's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 1.3 M | Macquarie Group Ltd | 2024-09-30 | 916 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 847.5 K | Nuveen Asset Management, Llc | 2024-09-30 | 836 K | William Blair Investment Management, Llc | 2024-09-30 | 815.7 K | Hightower Advisors, Llc | 2024-09-30 | 786.9 K | Principal Financial Group Inc | 2024-09-30 | 783.5 K | Norges Bank | 2024-06-30 | 743.3 K | Fuller & Thaler Asset Management Inc | 2024-09-30 | 669.6 K | Blackrock Inc | 2024-09-30 | 9.5 M | Vanguard Group Inc | 2024-09-30 | 6.7 M |
Follow Hub's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.85 B.Market Cap |
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Project Hub's profitablity
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.08 | 0.07 | |
Return On Capital Employed | 0.11 | 0.17 | |
Return On Assets | 0.05 | 0.05 | |
Return On Equity | 0.09 | 0.10 |
When accessing Hub's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Hub's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Hub's profitability and make more informed investment decisions.
Evaluate Hub's management efficiency
Hub Group has return on total asset (ROA) of 0.0299 % which means that it generated a profit of $0.0299 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0666 %, meaning that it created $0.0666 on every $100 dollars invested by stockholders. Hub's management efficiency ratios could be used to measure how well Hub manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Hub's Return On Capital Employed is most likely to slightly decrease in the upcoming years. The Hub's current Return On Equity is estimated to increase to 0.1, while Return On Tangible Assets are projected to decrease to 0.07. At this time, Hub's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Hub's current Other Current Assets is estimated to increase to about 70.5 M, while Return On Tangible Assets are projected to decrease to 0.07.Last Reported | Projected for Next Year | ||
Book Value Per Share | 23.23 | 24.39 | |
Tangible Book Value Per Share | 8.48 | 8.90 | |
Enterprise Value Over EBITDA | 7.58 | 7.16 | |
Price Book Value Ratio | 1.60 | 1.68 | |
Enterprise Value Multiple | 7.58 | 7.16 | |
Price Fair Value | 1.60 | 1.68 | |
Enterprise Value | 2.7 B | 2.8 B |
Hub's management has consistently demonstrated strong leadership, driving both financial growth and operational excellence. By analyzing current market trends and future growth opportunities, we assess the stock's true value and potential for investors.
Enterprise Value Revenue 0.7971 | Revenue | Quarterly Revenue Growth (0.04) | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Hub insiders, such as employees or executives, is commonly permitted as long as it does not rely on Hub's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Hub insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Boosalis Mary H over two weeks ago Disposition of 1592 shares by Boosalis Mary H of Hub at 44.17 subject to Rule 16b-3 | ||
Dhruv Bansal over a month ago Acquisition by Dhruv Bansal of 3460 shares of Hub subject to Rule 16b-3 | ||
Phillip Yeager over two months ago Disposition of 2505 shares by Phillip Yeager of Hub subject to Rule 16b-3 | ||
Dhruv Bansal over two months ago Disposition of 265 shares by Dhruv Bansal of Hub at 48.37 subject to Rule 16b-3 | ||
Dhruv Bansal over two months ago Disposition of 175 shares by Dhruv Bansal of Hub at 43.04 subject to Rule 16b-3 | ||
Thomas LaFrance over three months ago Disposition of 4401 shares by Thomas LaFrance of Hub at 47.13 subject to Rule 16b-3 | ||
Rhodes Brent Michael over six months ago Insider Trading | ||
Brian Meents over six months ago Disposition of tradable shares by Brian Meents of Hub subject to Rule 16b-3 |
Hub Corporate Filings
F4 | 7th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 25th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
7th of November 2024 Other Reports | ViewVerify |
Hub Earnings Estimation Breakdown
The calculation of Hub's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Hub is estimated to be 0.47695 with the future projection ranging from a low of 0.4675 to a high of 0.485. Please be aware that this consensus of annual earnings estimates for Hub Group is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.47 Lowest | Expected EPS | 0.48 Highest |
Hub Earnings Projection Consensus
Suppose the current estimates of Hub's value are higher than the current market price of the Hub stock. In this case, investors may conclude that Hub is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Hub's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2024 | Current EPS (TTM) | |
16 | 91.76% | 0.52 | 0.47695 | 1.77 |
Hub Earnings per Share Projection vs Actual
Actual Earning per Share of Hub refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Hub Group predict the company's earnings will be in the future. The higher the earnings per share of Hub, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Hub Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Hub, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Hub should always be considered in relation to other companies to make a more educated investment decision.Hub Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Hub's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2024-10-30 | 2024-09-30 | 0.48 | 0.52 | 0.04 | 8 | ||
2024-08-01 | 2024-06-30 | 0.47 | 0.47 | 0.0 | 0 | ||
2024-04-25 | 2024-03-31 | 0.39 | 0.44 | 0.05 | 12 | ||
2024-02-01 | 2023-12-31 | 0.51 | 0.46 | -0.05 | 9 | ||
2023-10-26 | 2023-09-30 | 1.17 | 0.97 | -0.2 | 17 | ||
2023-07-27 | 2023-06-30 | 1.38 | 1.44 | 0.06 | 4 | ||
2023-04-27 | 2023-03-31 | 1.84 | 1.88 | 0.04 | 2 | ||
2023-02-02 | 2022-12-31 | 2.34 | 2.42 | 0.08 | 3 | ||
2022-10-27 | 2022-09-30 | 2.45 | 2.61 | 0.16 | 6 | ||
2022-08-03 | 2022-06-30 | 2.54 | 3.03 | 0.49 | 19 | ||
2022-04-28 | 2022-03-31 | 1.48 | 2.58 | 1.1 | 74 | ||
2022-02-08 | 2021-12-31 | 1.43 | 2.48 | 1.05 | 73 | ||
2021-10-28 | 2021-09-30 | 1.1 | 1.28 | 0.18 | 16 | ||
2021-07-29 | 2021-06-30 | 0.7 | 0.78 | 0.08 | 11 | ||
2021-05-05 | 2021-03-31 | 0.45 | 0.51 | 0.06 | 13 | ||
2021-02-04 | 2020-12-31 | 0.66 | 0.81 | 0.15 | 22 | ||
2020-10-29 | 2020-09-30 | 0.63 | 0.74 | 0.11 | 17 | ||
2020-07-30 | 2020-06-30 | 0.23 | 0.39 | 0.16 | 69 | ||
2020-04-30 | 2020-03-31 | 0.6 | 0.47 | -0.13 | 21 | ||
2020-02-06 | 2019-12-31 | 0.83 | 0.84 | 0.01 | 1 | ||
2019-10-30 | 2019-09-30 | 0.8 | 0.97 | 0.17 | 21 | ||
2019-07-30 | 2019-06-30 | 0.74 | 0.87 | 0.13 | 17 | ||
2019-04-30 | 2019-03-31 | 0.54 | 0.71 | 0.17 | 31 | ||
2019-02-07 | 2018-12-31 | 0.9 | 1.01 | 0.11 | 12 | ||
2018-10-25 | 2018-09-30 | 0.7 | 0.77 | 0.07 | 10 | ||
2018-08-01 | 2018-06-30 | 0.49 | 0.66 | 0.17 | 34 | ||
2018-04-26 | 2018-03-31 | 0.39 | 0.48 | 0.09 | 23 | ||
2018-02-08 | 2017-12-31 | 0.52 | 0.74 | 0.22 | 42 | ||
2017-10-26 | 2017-09-30 | 0.4 | 0.48 | 0.08 | 20 | ||
2017-07-26 | 2017-06-30 | 0.37 | 0.36 | -0.01 | 2 | ||
2017-04-26 | 2017-03-31 | 0.33 | 0.34 | 0.01 | 3 | ||
2017-02-02 | 2016-12-31 | 0.48 | 0.55 | 0.07 | 14 | ||
2016-10-26 | 2016-09-30 | 0.55 | 0.54 | -0.01 | 1 | ||
2016-07-26 | 2016-06-30 | 0.58 | 0.61 | 0.03 | 5 | ||
2016-04-26 | 2016-03-31 | 0.4 | 0.58 | 0.18 | 45 | ||
2016-02-03 | 2015-12-31 | 0.55 | 0.63 | 0.08 | 14 | ||
2015-10-28 | 2015-09-30 | 0.55 | 0.55 | 0.0 | 0 | ||
2015-07-21 | 2015-06-30 | 0.43 | 0.51 | 0.08 | 18 | ||
2015-04-23 | 2015-03-31 | 0.32 | 0.32 | 0.0 | 0 | ||
2015-02-04 | 2014-12-31 | 0.38 | 0.41 | 0.03 | 7 | ||
2014-10-23 | 2014-09-30 | 0.54 | 0.49 | -0.05 | 9 | ||
2014-07-17 | 2014-06-30 | 0.5 | 0.51 | 0.01 | 2 | ||
2014-04-17 | 2014-03-31 | 0.36 | 0.33 | -0.03 | 8 | ||
2014-01-28 | 2013-12-31 | 0.48 | 0.5 | 0.02 | 4 | ||
2013-10-17 | 2013-09-30 | 0.49 | 0.5 | 0.01 | 2 | ||
2013-07-18 | 2013-06-30 | 0.49 | 0.5 | 0.01 | 2 | ||
2013-04-18 | 2013-03-31 | 0.42 | 0.42 | 0.0 | 0 | ||
2013-01-29 | 2012-12-31 | 0.5 | 0.51 | 0.01 | 2 | ||
2012-10-22 | 2012-09-30 | 0.49 | 0.5 | 0.01 | 2 | ||
2012-07-19 | 2012-06-30 | 0.48 | 0.46 | -0.02 | 4 | ||
2012-04-19 | 2012-03-31 | 0.36 | 0.37 | 0.01 | 2 | ||
2012-01-26 | 2011-12-31 | 0.46 | 0.48 | 0.02 | 4 | ||
2011-10-24 | 2011-09-30 | 0.46 | 0.44 | -0.02 | 4 | ||
2011-07-27 | 2011-06-30 | 0.38 | 0.4 | 0.02 | 5 | ||
2011-04-19 | 2011-03-31 | 0.29 | 0.31 | 0.02 | 6 | ||
2011-01-27 | 2010-12-31 | 0.34 | 0.34 | 0.0 | 0 | ||
2010-10-19 | 2010-09-30 | 0.33 | 0.34 | 0.01 | 3 | ||
2010-07-21 | 2010-06-30 | 0.26 | 0.26 | 0.0 | 0 | ||
2010-04-21 | 2010-03-31 | 0.2 | 0.23 | 0.03 | 15 | ||
2010-01-28 | 2009-12-31 | 0.24 | 0.26 | 0.02 | 8 | ||
2009-10-21 | 2009-09-30 | 0.23 | 0.26 | 0.03 | 13 | ||
2009-07-22 | 2009-06-30 | 0.21 | 0.22 | 0.01 | 4 | ||
2009-04-22 | 2009-03-31 | 0.18 | 0.17 | -0.01 | 5 | ||
2009-01-29 | 2008-12-31 | 0.38 | 0.38 | 0.0 | 0 | ||
2008-10-22 | 2008-09-30 | 0.45 | 0.45 | 0.0 | 0 | ||
2008-07-24 | 2008-06-30 | 0.39 | 0.4 | 0.01 | 2 | ||
2008-04-24 | 2008-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2008-02-06 | 2007-12-31 | 0.37 | 0.43 | 0.06 | 16 | ||
2007-10-22 | 2007-09-30 | 0.4 | 0.42 | 0.02 | 5 | ||
2007-07-19 | 2007-06-30 | 0.33 | 0.35 | 0.02 | 6 | ||
2007-04-19 | 2007-03-31 | 0.25 | 0.29 | 0.04 | 16 | ||
2007-02-12 | 2006-12-31 | 0.32 | 0.34 | 0.02 | 6 | ||
2006-10-24 | 2006-09-30 | 0.31 | 0.33 | 0.02 | 6 | ||
2006-07-20 | 2006-06-30 | 0.25 | 0.29 | 0.04 | 16 | ||
2006-04-19 | 2006-03-31 | 0.18 | 0.21 | 0.03 | 16 | ||
2006-02-07 | 2005-12-31 | 0.22 | 0.25 | 0.03 | 13 | ||
2005-10-19 | 2005-09-30 | 0.22 | 0.24 | 0.02 | 9 | ||
2005-07-20 | 2005-06-30 | 0.16 | 0.19 | 0.03 | 18 | ||
2005-04-20 | 2005-03-31 | 0.11 | 0.13 | 0.02 | 18 | ||
2005-02-08 | 2004-12-31 | 0.15 | 0.17 | 0.02 | 13 | ||
2004-10-20 | 2004-09-30 | 0.15 | 0.19 | 0.04 | 26 | ||
2004-07-21 | 2004-06-30 | 0.1 | 0.12 | 0.02 | 20 | ||
2004-04-28 | 2004-03-31 | 0.06 | 0.08 | 0.02 | 33 | ||
2004-02-18 | 2003-12-31 | 0.05 | 0.08 | 0.03 | 60 | ||
2003-08-04 | 2003-06-30 | 0.06 | 0.08 | 0.02 | 33 | ||
2002-02-15 | 2001-12-31 | 0.06 | 0.04 | -0.02 | 33 | ||
2001-10-22 | 2001-09-30 | 0.06 | 0.06 | 0.0 | 0 | ||
2001-07-23 | 2001-06-30 | 0.07 | 0.05 | -0.02 | 28 | ||
2001-04-18 | 2001-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
2001-02-07 | 2000-12-31 | 0.06 | 0.06 | 0.0 | 0 | ||
2000-10-17 | 2000-09-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2000-07-20 | 2000-06-30 | 0.08 | 0.1 | 0.02 | 25 | ||
2000-04-19 | 2000-03-31 | 0.02 | 0.02 | 0.0 | 0 | ||
2000-02-08 | 1999-12-31 | 0.1 | 0.1 | 0.0 | 0 | ||
1999-10-20 | 1999-09-30 | 0.11 | 0.1 | -0.01 | 9 | ||
1999-07-22 | 1999-06-30 | 0.08 | 0.11 | 0.03 | 37 | ||
1999-04-21 | 1999-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
1999-02-04 | 1998-12-31 | 0.08 | 0.09 | 0.01 | 12 | ||
1998-10-21 | 1998-09-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1998-07-22 | 1998-06-30 | 0.07 | 0.07 | 0.0 | 0 | ||
1998-04-22 | 1998-03-31 | 0.05 | 0.05 | 0.0 | 0 | ||
1998-02-05 | 1997-12-31 | 0.1 | 0.09 | -0.01 | 10 | ||
1997-10-22 | 1997-09-30 | 0.1 | 0.1 | 0.0 | 0 | ||
1997-07-23 | 1997-06-30 | 0.09 | 0.09 | 0.0 | 0 | ||
1997-04-23 | 1997-03-31 | 0.08 | 0.08 | 0.0 | 0 | ||
1997-02-11 | 1996-12-31 | 0.08 | 0.1 | 0.02 | 25 | ||
1996-10-24 | 1996-09-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1996-07-23 | 1996-06-30 | 0.07 | 0.07 | 0.0 | 0 | ||
1996-05-17 | 1996-03-31 | 0.07 | 0.07 | 0.0 | 0 |
Hub Corporate Management
Jessica Pokrajac | Executive Solutions | Profile | |
Kevin Beth | Ex Officer | Profile | |
Lorna Williams | Vice Relations | Profile | |
Brian Meents | Executive Officer | Profile | |
Ben Strickler | Executive Solutions | Profile | |
Michael Daly | Senior Strategy | Profile | |
Geoffrey DeMartino | CFO VP | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hub Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hub. If investors know Hub will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hub listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 0.375 | Earnings Share 1.77 | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Hub Group is measured differently than its book value, which is the value of Hub that is recorded on the company's balance sheet. Investors also form their own opinion of Hub's value that differs from its market value or its book value, called intrinsic value, which is Hub's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hub's market value can be influenced by many factors that don't directly affect Hub's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hub's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hub is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hub's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.