Quest Diagnostics provides diagnostic information services. Co. is made up of two businesses: Diagnostic Information Services, which develops and delivers diagnostic information services, providing insights that allow and enable a range of customers, including patients, clinicians, hospitals, independent delivery networks (including hospital health systems), health plans, employers, accountable care organizations and direct contract entities; and Diagnostic Solutions, which includes Co.'s risk assessment services business, which provides solutions for insurers, and Co.'s healthcare information technology businesses, which provides solutions for healthcare providers. We show 56 historical shares outstanding datapoints in our DGX shares outstanding history coverage, used to compute DGX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Quest Diagnostics market cap history over the course of time is important for investors
interested in comparing Quest Diagnostics'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 Quest Diagnostics versus a peer is one thing; comparing
Quest Diagnostics 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 Quest Diagnostics can fluctuate over the course of history.
With this page we aim to empower investors researching Quest Diagnostics by allowing them to research the Quest Diagnostics market cap history. |
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Video: The Importance of Market Cap
