Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). New Momentum's share price for the quarter that ended in Dec. 2023 was $0.0005. New Momentum's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 520.43 Mil. Therefore, New Momentum's market cap for the quarter that ended in Dec. 2023 was $0.26 Mil.
New Momentum's quarterly market cap
declined
from Jun. 2023 ($0.63 Mil) to Sep. 2023 ($0.32 Mil) and
declined
from Sep. 2023 ($0.32 Mil) to Dec. 2023 ($0.26 Mil).
New Momentum's annual market cap
declined
from Dec. 2021 ($3.73 Mil) to Dec. 2022 ($1.86 Mil) and
declined
from Dec. 2022 ($1.86 Mil) to Dec. 2023 ($0.26 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. New Momentum's Enterprise Value for Today is $0.58 Mil.
New Momentum Market Cap Historical Data
The historical data trend for New Momentum's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of New Momentum's Market Cap
For the Travel Services subindustry, New Momentum's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Momentum's Market Cap Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Market Cap distribution charts can be found below:
* The bar in red indicates where New Momentum's Market Cap falls into.
New Momentum Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
New Momentum's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Momentum (OTCPK:NNAX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
New Momentum Market Cap Related Terms
Thank you for viewing the detailed overview of New Momentum's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.
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