Allegiant Travel is a travel company. Co.'s travel services and products include: scheduled service air transportation, which provides scheduled air transportation between cities and leisure destinations; ancillary air-related products and services, which provides unbundled air-related services and products in conjunction with air transportation; third party products and services, which provides third party travel products such as hotel rooms and ground transportation; fixed fee contract air transportation; and other, a non-airline activities including its Sunseeker Resort related golf course, family entertainment centers, and its management solution to golf courses around the country. We show 47 historical shares outstanding datapoints in our ALGT shares outstanding history coverage, used to compute ALGT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ALGT market cap history over the course of time is important for investors
interested in comparing ALGT'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 ALGT versus a peer is one thing; comparing
ALGT 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 ALGT can fluctuate over the course of history.
With this page we aim to empower investors researching ALGT by allowing them to research the ALGT market cap history. |
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Video: The Importance of Market Cap
