Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. We show 14 historical shares outstanding datapoints in our AVO shares outstanding history coverage, used to compute AVO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AVO market cap history over the course of time is important for investors
interested in comparing AVO'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 AVO versus a peer is one thing; comparing
AVO 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 AVO can fluctuate over the course of history.
With this page we aim to empower investors researching AVO by allowing them to research the AVO market cap history. |
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Video: The Importance of Market Cap
