Yiren Digital Ltd is a holding company mainly engaged in the operation of a digital personal financial management platform, and the provision of holistic wealth solutions, credit and financial solutions to individual borrowers and small business owners. Co. operates through three segments. The Yiren Wealth segment is engaged in the operation of a wealth solution platform for the mass affluent population and provides comprehensive wealth solutions. The Yiren Credit segment is engaged in the operation of a credit-tech platform that provides individual borrowers and small business owners with a full spectrum of online and offline, multi-channel loan products. We show 1 historical shares outstanding datapoints in our YRD shares outstanding history coverage, used to compute YRD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing YRD market cap history over the course of time is important for investors
interested in comparing YRD'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 YRD versus a peer is one thing; comparing
YRD 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 YRD can fluctuate over the course of history.
With this page we aim to empower investors researching YRD by allowing them to research the YRD market cap history. |
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Video: The Importance of Market Cap
