Obalon Therapeutics is a medical device company focused on developing and commercializing medical devices to treat people with obesity. Co.'s primary product offering is the Obalon Balloon System. Co.'s Obalon Balloon System consists of a swallowable capsule that contains an inflatable balloon attached to a microcatheter; the Obalon Navigation System console, which is a combination of hardware and software used to track and display the location of the balloon during placement; the Obalon Touch Inflation Dispenser, which is a semi-automated, hand-held inflation device used to inflate the balloon once it is placed; and a disposable canister filled with its proprietary mixture of gas. We show 23 historical shares outstanding datapoints in our OBLN shares outstanding history coverage, used to compute OBLN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OBLN market cap history over the course of time is important for investors
interested in comparing OBLN'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 OBLN versus a peer is one thing; comparing
OBLN 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 OBLN can fluctuate over the course of history.
With this page we aim to empower investors researching OBLN by allowing them to research the OBLN market cap history. |
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Video: The Importance of Market Cap
