Cricut designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods. Co. has three reportable segments: Connected Machines, which include Cricut Joy, Cricut Explore and Cricut Maker; Subscriptions, which users can utilize the power of Co.'s platform by using its connected machines together with its free design apps for its connected machines, including Design SPace app and Cricut Joy-specific app; and Accessories and Materials, which sells a range of accessories and materials that help bring designs to life, such as Cricut EasyPress, Cricut Mug Press, various hand tools, machine replacement tools and blades and project materials. We show 12 historical shares outstanding datapoints in our CRCT shares outstanding history coverage, used to compute CRCT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CRCT market cap history over the course of time is important for investors
interested in comparing CRCT'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 CRCT versus a peer is one thing; comparing
CRCT 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 CRCT can fluctuate over the course of history.
With this page we aim to empower investors researching CRCT by allowing them to research the CRCT market cap history. |
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Video: The Importance of Market Cap
