Michaels Companies is an arts and crafts retailer in North America, providing materials, project ideas and education for creative activities. Co. also operates a wholesale business under the Darice brand name and a custom framing business under the Artistree brand name. The Michaels store provides general crafts, home decor and seasonal, framing and papercrafting products. Co.'s Darice business provides a range of craft and hobby items. Co. also has online platforms including Michaels.com, Canada.Michaels.com, ConsumerCrafts.com, Darice.com, AaronBrothers.com (its online custom framing solution) and its Michaels app, which connects its store and online experiences. We show 28 historical shares outstanding datapoints in our MIK shares outstanding history coverage, used to compute MIK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MIK market cap history over the course of time is important for investors
interested in comparing MIK'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 MIK versus a peer is one thing; comparing
MIK 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 MIK can fluctuate over the course of history.
With this page we aim to empower investors researching MIK by allowing them to research the MIK market cap history. |
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Video: The Importance of Market Cap
