Genomic Health provides genomic information to personalize cancer treatment decisions. Co. develops and commercializes genomic-based clinical laboratory services that analyze the underlying biology of cancer, allowing physicians and patients to make treatment decisions. Co. provides its tissue-based invasive breast, ductal carcinoma in situ (DCIS), prostate and colon Oncotype DX tests as clinical laboratory services, where it analyzes the expression levels of genes in tumor tissue samples and provides physicians with a gene expression profile expressed as a single quantitative score. Co. also provides an Oncotype DX test for patients with DCIS, a pre-invasive form of breast cancer. We show 39 historical shares outstanding datapoints in our GHDX shares outstanding history coverage, used to compute GHDX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GHDX market cap history over the course of time is important for investors
interested in comparing GHDX'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 GHDX versus a peer is one thing; comparing
GHDX 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 GHDX can fluctuate over the course of history.
With this page we aim to empower investors researching GHDX by allowing them to research the GHDX market cap history. |
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Video: The Importance of Market Cap
