Enovis is a technology company that provides fabrication technology and medical device products and services to customers, principally under the ESAB and DJO brands. Co.'s segments are: Fabrication Technology, which formulates, develops, manufactures and supplies consumable products and equipment for use in cutting, joining and automated welding, as well as gas control equipment; and Medical Technology, which develops, manufactures and distributes medical devices and services across the continuum of patient care from injury prevention to joint replacement to rehabilitation after surgery, injury or from degenerative disease, enabling people to regain or maintain their natural motion. We show 3 historical shares outstanding datapoints in our ENOV shares outstanding history coverage, used to compute ENOV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ENOV market cap history over the course of time is important for investors
interested in comparing ENOV'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 ENOV versus a peer is one thing; comparing
ENOV 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 ENOV can fluctuate over the course of history.
With this page we aim to empower investors researching ENOV by allowing them to research the ENOV market cap history. |
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Video: The Importance of Market Cap
