Spirit Airlines is an airline that provides travel opportunities principally throughout the domestic U.S., the Caribbean and Latin America. Co.'s ultra low-cost carrier business model provides customers unbundled base fares with a range of optional services, allowing customers to choose their options. Co. operates the Spirit Saver$ Club®, which is a subscription-based loyalty program that allows members access to unpublished, low fares as well as discounted prices on bags and seats, shortcut boarding and security, Flight Flex flight modification product, and offers on hotels, rental cars and other travel necessities. We show 51 historical shares outstanding datapoints in our SAVE shares outstanding history coverage, used to compute SAVE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SAVE market cap history over the course of time is important for investors
interested in comparing SAVE'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 SAVE versus a peer is one thing; comparing
SAVE 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 SAVE can fluctuate over the course of history.
With this page we aim to empower investors researching SAVE by allowing them to research the SAVE market cap history. |
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Video: The Importance of Market Cap
