Ligand Pharmaceuticals is a biopharmaceutical company focused on developing or acquiring technologies that help pharmaceutical companies discover and develop medicines. Co. employs research technologies such as antibody discovery technologies, ion channel discovery technology, Pseudomonas fluorescens protein expression technology, formulation science and liver targeted pro-drug technologies to assist companies in their work toward securing prescription drug and biologic approvals. Co.'s collaboration partners and licensees have programs in clinical development targeting cancer, seizure, diabetes, cardiovascular disease, muscle wasting, liver disease, and kidney disease, among others. We show 48 historical shares outstanding datapoints in our LGND shares outstanding history coverage, used to compute LGND market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LGND market cap history over the course of time is important for investors
interested in comparing LGND'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 LGND versus a peer is one thing; comparing
LGND 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 LGND can fluctuate over the course of history.
With this page we aim to empower investors researching LGND by allowing them to research the LGND market cap history. |
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Video: The Importance of Market Cap
