Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Co. provides a variety of products and solutions that serve market participants of all kinds, including individual and institutional investors in public and private capital markets, financial advisors, asset managers, retirement plan providers and sponsors, and issuers of securities. Co.'s primary products and services include: PitchBook, which provides data and research covering the private capital markets; DBRS Morningstar, which is a credit rating agency; and Morningstar Data, which provides institutions with access to a range of investment data spanning various databases. We show 57 historical shares outstanding datapoints in our MORN shares outstanding history coverage, used to compute MORN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MORN market cap history over the course of time is important for investors
interested in comparing MORN'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 MORN versus a peer is one thing; comparing
MORN 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 MORN can fluctuate over the course of history.
With this page we aim to empower investors researching MORN by allowing them to research the MORN market cap history. |
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Video: The Importance of Market Cap
