Impinj, Inc. (Impinj) is engaged in developing of Internet of things (IoT) solutions. Co. helps businesses and people to analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. Co. uses a type of radio-frequency identification (RFID) technology known as RAIN for the wireless item-to-cloud connectivity. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless IoT. It sells a suite of products that enable the Co. and its partner ecosystem use to connect and deliver item data to enterprises. We show 40 historical shares outstanding datapoints in our PI shares outstanding history coverage, used to compute PI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PI market cap history over the course of time is important for investors
interested in comparing PI'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 PI versus a peer is one thing; comparing
PI 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 PI can fluctuate over the course of history.
With this page we aim to empower investors researching PI by allowing them to research the PI market cap history. |
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Video: The Importance of Market Cap
