Cano Health is a holding company. Through its subsidiaries, Co. provides medical care for its members through a network of primary care physicians across the U.S. and Puerto Rico. Co. focuses on population health and wellness services to Medicare Advantage, Medicare Global and Professional Direct Contracting, Medicare patients under Accountable Care Organizations and Medicaid capitated members, particularly in underserved communities by utilizing a technology platform to deliver health care services. Co. also operates pharmacies in the network for the purpose of providing a range of managed care services to its members. We show 10 historical shares outstanding datapoints in our CANO shares outstanding history coverage, used to compute CANO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CANO market cap history over the course of time is important for investors
interested in comparing CANO'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 CANO versus a peer is one thing; comparing
CANO 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 CANO can fluctuate over the course of history.
With this page we aim to empower investors researching CANO by allowing them to research the CANO market cap history. |
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Video: The Importance of Market Cap
