Intelligent Bio Solutions is a medical technology company focused on developing and delivering testing and screening solutions. Co.'s product portfolio includes: Intelligent Fingerprinting Platform, which consists of Intelligent Fingerprinting Drug Screening System, a sweat-based fingerprint diagnostic testing products designed to detect drugs of abuse including opioids, cocaine, methamphetamines, benzodiazepines, cannabis, methadone, and buprenorphine; and Biosensor Platform, which consists of Saliva Glucose Biosensor, designed to detect multiple biological analytes by substituting the Glucose Oxidase enzyme with an alternative for each analyte. We show 3 historical shares outstanding datapoints in our INBS shares outstanding history coverage, used to compute INBS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing INBS market cap history over the course of time is important for investors
interested in comparing INBS'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 INBS versus a peer is one thing; comparing
INBS 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 INBS can fluctuate over the course of history.
With this page we aim to empower investors researching INBS by allowing them to research the INBS market cap history. |
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Video: The Importance of Market Cap
