Wex is a global commerce platform. Co. operates in three reportable segments: Fleet Solutions, which provides fleet vehicle payment processing, transaction processing and information management services designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers; Travel and Corporate Solutions, which focuses on the payment environment of global business-to-business payments; and Health and Employee Benefit Solutions, which provides software-as-a-service platforms, bringing together benefits administration, certain compliance services and consumer-directed and benefits accounts. We show 56 historical shares outstanding datapoints in our WEX shares outstanding history coverage, used to compute WEX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WEX market cap history over the course of time is important for investors
interested in comparing WEX'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 WEX versus a peer is one thing; comparing
WEX 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 WEX can fluctuate over the course of history.
With this page we aim to empower investors researching WEX by allowing them to research the WEX market cap history. |
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Video: The Importance of Market Cap
