Penumbra is a healthcare company focused on therapies. Co. designs, develops, manufactures and markets products and has a portfolio that addresses various medical conditions. Co.'s neuro products include Penumbra System brand of products that provides a form of mechanical thrombectomy used by physicians to revascularize blood vessels that are blocked by clots in the intracranial vasculature. Co.'s vascular products include the Indigo System, which is designed for aspiration mechanical thrombectomy, utilizing the Penumbra System in ischemic stroke. Co.'s vascular products also include the Ruby Coil System, which consists of detachable coils that are designed for peripheral applications. We show 35 historical shares outstanding datapoints in our PEN shares outstanding history coverage, used to compute PEN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PEN market cap history over the course of time is important for investors
interested in comparing PEN'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 PEN versus a peer is one thing; comparing
PEN 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 PEN can fluctuate over the course of history.
With this page we aim to empower investors researching PEN by allowing them to research the PEN market cap history. |
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Video: The Importance of Market Cap
