Yiren Digital is a holding company. Through its subsidiaries, Co. provides a digital financial management platform in China. Co. uses proprietary robo-advisors and financial advisors to provide asset allocation services that match customer risk appetite, risk preference and financial objectives with a portfolio of investment options. Co.'s Yiren Wealth platform specifically targets the population in China, who are looking for tailored investment solutions with low entry barriers. Co.'s platform automates and integrates key aspects of its wealth management business. Products provided on Yiren Wealth's platform include short-term cash management and mutual fund investment 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
