Eargo is a medical device company. Co. is engaged in improving the quality of life of people with hearing loss. Co.'s in-the-canal devices feature high-quality audio, are designed to provide up to 16 hours of battery life and feature Co.'s proprietary soft and flexible medical-grade silicon tips. These silicon tips are removable, allowing for simple cleaning, and can be purchased separately in several sizes to accommodate individuals with different size ear canals. Co.'s rechargeable hearing aids are designed for ease of use and maintenance while providing a comfortable fit for a majority of its target market. We show 13 historical shares outstanding datapoints in our EAR shares outstanding history coverage, used to compute EAR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EAR market cap history over the course of time is important for investors
interested in comparing EAR'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 EAR versus a peer is one thing; comparing
EAR 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 EAR can fluctuate over the course of history.
With this page we aim to empower investors researching EAR by allowing them to research the EAR market cap history. |
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Video: The Importance of Market Cap
