Axos Financial Inc. is the holding company for Axos Bank (the Bank), Axos Clearing LLC and Axos Invest, Inc. The Bank provides consumer and commercial banking products through its digital online and mobile banking platforms, distribution channels and affinity partners. Co.'s segments include Banking Business and Securities Business. The Banking Business segment has a range of banking services, including online banking, concierge banking, and mortgage, vehicle, and unsecured lending through online and distribution channels. We show 28 historical shares outstanding datapoints in our AX shares outstanding history coverage, used to compute AX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AX market cap history over the course of time is important for investors
interested in comparing AX'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 AX versus a peer is one thing; comparing
AX 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 AX can fluctuate over the course of history.
With this page we aim to empower investors researching AX by allowing them to research the AX market cap history. |
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Video: The Importance of Market Cap
