PRA Group is a financial and business services company with operations in the Americas, Europe, and Australia. Co.'s main business is the purchase, collection and management of portfolios of nonperforming loans. Co. purchases portfolios of nonperforming loans in two categories: Core, which focuses on purchasing and collecting nonperforming loans, which it purchased since either the credit originators and/or other third-party collection agencies have been unsuccessful in collecting the balance owed; and Insolvency, which consists of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries. We show 57 historical shares outstanding datapoints in our PRAA shares outstanding history coverage, used to compute PRAA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PRAA market cap history over the course of time is important for investors
interested in comparing PRAA'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 PRAA versus a peer is one thing; comparing
PRAA 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 PRAA can fluctuate over the course of history.
With this page we aim to empower investors researching PRAA by allowing them to research the PRAA market cap history. |
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Video: The Importance of Market Cap
