The Joint Corp. is an operator, manager and franchisor of chiropractic clinics that uses a private pay, non-insurance, cash-based model. Co. operates through two segments: Corporate Clinics and Franchise Operations. The Corporate Clinics segment is comprised of the operating activities of the Co.-owned or managed clinics. Co. operates or manages approximately 135 clinics under this segment. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The franchise system consists of approximately 800 clinics in operation. It offers a range of membership and wellness packages. We show 42 historical shares outstanding datapoints in our JYNT shares outstanding history coverage, used to compute JYNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing JYNT market cap history over the course of time is important for investors
interested in comparing JYNT'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 JYNT versus a peer is one thing; comparing
JYNT 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 JYNT can fluctuate over the course of history.
With this page we aim to empower investors researching JYNT by allowing them to research the JYNT market cap history. |
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Video: The Importance of Market Cap
