Benefytt Technologies is a holding company. Through its subsidiaries, Co. is engaged as a cloud-based technology platform and distributor of individual and family health insurance plans (IFP) which include short-term medical insurance plans, and health benefit insurance plans. Co. provides numerous supplemental insurance and non-insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards, that are purchased as supplements to IFPs. We show 30 historical shares outstanding datapoints in our HIIQ shares outstanding history coverage, used to compute HIIQ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HIIQ market cap history over the course of time is important for investors
interested in comparing HIIQ'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 HIIQ versus a peer is one thing; comparing
HIIQ 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 HIIQ can fluctuate over the course of history.
With this page we aim to empower investors researching HIIQ by allowing them to research the HIIQ market cap history. |
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Video: The Importance of Market Cap
