WageWorks is engaged in administering Consumer-Directed Benefits, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements, plus commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits. Under Co.'s FSA, HSA and commuter programs, employee participants contribute funds from their pre-tax income to pay for qualified out-of-pocket healthcare expenses not fully covered by insurance, such as co-pays, deductibles and over-the-counter medical products or for commuting costs. We show 27 historical shares outstanding datapoints in our WAGE shares outstanding history coverage, used to compute WAGE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WAGE market cap history over the course of time is important for investors
interested in comparing WAGE'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 WAGE versus a peer is one thing; comparing
WAGE 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 WAGE can fluctuate over the course of history.
With this page we aim to empower investors researching WAGE by allowing them to research the WAGE market cap history. |
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Video: The Importance of Market Cap
