Chembio Diagnostics develops and commercializes point-of-care diagnostic tests used for the detection and diagnosis of infectious diseases, including sexually transmitted disease and COVID-19. Co.'s product portfolio is based upon its proprietary DPP technology, a diagnostic platform that provides results in 15 to 20 minutes using fingertip blood, nasal swabs and other sample types. The DPP technology platform addresses the diagnostic test market, which includes infectious diseases, cardiac markers, cholesterol and lipids, and drugs of abuse. The DPP technology platform can provide sensitivity and specificity, multiplexing capabilities, and with the DPP Micro Reader, quantitative results. We show 48 historical shares outstanding datapoints in our CEMI shares outstanding history coverage, used to compute CEMI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CEMI market cap history over the course of time is important for investors
interested in comparing CEMI'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 CEMI versus a peer is one thing; comparing
CEMI 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 CEMI can fluctuate over the course of history.
With this page we aim to empower investors researching CEMI by allowing them to research the CEMI market cap history. |
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Video: The Importance of Market Cap
