PROG Holdings is a financial technology holding company. Through its subsidiaries, Co. provides lease-purchase solutions. Co. has three segments: Progressive Leasing, which provides consumers with lease-purchase solutions for merchandise, including furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories from conventional and e-commerce retailers; Vive Financial, which provides customized programs, with services that include revolving loans via private label and Vive-branded credit cards; and Four, which provides consumers of all credit backgrounds with Buy Now, Pay Later options via four interest-free installments. We show 16 historical shares outstanding datapoints in our PRG shares outstanding history coverage, used to compute PRG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PRG market cap history over the course of time is important for investors
interested in comparing PRG'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 PRG versus a peer is one thing; comparing
PRG 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 PRG can fluctuate over the course of history.
With this page we aim to empower investors researching PRG by allowing them to research the PRG market cap history. |
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Video: The Importance of Market Cap
