Ortho Clinical Diagnostics is engaged in the vitro diagnostics business in the United States. Co. offers automated instruments; and assays, reagents, and other consumables that are used by these instruments to generate test results. Co.'s solutions include clinical chemistry and immunoassay instruments and tests to detect and monitor disease progression across a broad spectrum of therapeutic areas, including COVID-19 antibody and antigen tests; and immunohematology instruments and tests for blood typing to ensure patient-donor compatibility in blood transfusions, as well as donor screening instruments and tests for blood and plasma screening for infectious diseases. We show 7 historical shares outstanding datapoints in our OCDX shares outstanding history coverage, used to compute OCDX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OCDX market cap history over the course of time is important for investors
interested in comparing OCDX'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 OCDX versus a peer is one thing; comparing
OCDX 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 OCDX can fluctuate over the course of history.
With this page we aim to empower investors researching OCDX by allowing them to research the OCDX market cap history. |
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Video: The Importance of Market Cap
