ProMIS Neurosciences's quarterly market cap
declined
from Mar. 2024 ($36.22 Mil) to Jun. 2024 ($28.44 Mil) but then
increased
from Jun. 2024 ($28.44 Mil) to Sep. 2024 ($40.86 Mil).
ProMIS Neurosciences's annual market cap
declined
from Dec. 2021 ($49.17 Mil) to Dec. 2022 ($37.23 Mil) and
declined
from Dec. 2022 ($37.23 Mil) to Dec. 2023 ($21.72 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. ProMIS Neurosciences's Enterprise Value for Today is $8.83 Mil.
ProMIS Neurosciences Market Cap Historical Data
The historical data trend for ProMIS Neurosciences'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 ProMIS Neurosciences's Market Cap
For the Biotechnology subindustry, ProMIS Neurosciences'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.
ProMIS Neurosciences's Market Cap Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, ProMIS Neurosciences's Market Cap distribution charts can be found below:
* The bar in red indicates where ProMIS Neurosciences's Market Cap falls into.
ProMIS Neurosciences 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.
ProMIS Neurosciences'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.
ProMIS Neurosciences (NAS:PMN) 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.
ProMIS Neurosciences Market Cap Related Terms
Thank you for viewing the detailed overview of ProMIS Neurosciences's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
ProMIS Neurosciences Inc is a clinical-stage biotechnology company focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA). Its proprietary target discovery engine is based on the use of two complementary techniques. The company applies its thermodynamic, computational discovery platform-ProMIS and Collective Coordinates to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins.
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