Align Technology is a medical device company engaged in the design, manufacture and marketing of Invisalign® clear aligners and iTero® intraoral scanners and services for dentistry, and exocad® computer-aided design and computer-aided manufacturing (CAD/CAM) software for dental laboratories and dental practitioners. Co.'s Clear Aligner segment includes the Invisalign System, a method for treating malocclusion based on a proprietary computer-simulated virtual treatment plan. Co.'s Imaging Systems and CAD/CAM Services segment includes the iTero Element scanner, a single hardware platform with software options for restorative or orthodontic procedures, and restorative software for iTero. We show 48 historical shares outstanding datapoints in our ALGN shares outstanding history coverage, used to compute ALGN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ALGN market cap history over the course of time is important for investors
interested in comparing ALGN'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 ALGN versus a peer is one thing; comparing
ALGN 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 ALGN can fluctuate over the course of history.
With this page we aim to empower investors researching ALGN by allowing them to research the ALGN market cap history. |
Video: The Importance of Market Cap
