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). Modular Medical's share price for the quarter that ended in Dec. 2023 was $1.82. Modular Medical's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 21.30 Mil. Therefore, Modular Medical's market cap for the quarter that ended in Dec. 2023 was $38.76 Mil.
Modular Medical's quarterly market cap
increased
from Jun. 2023 ($20.67 Mil) to Sep. 2023 ($24.50 Mil) and
increased
from Sep. 2023 ($24.50 Mil) to Dec. 2023 ($38.76 Mil).
Modular Medical's annual market cap
declined
from Mar. 2021 ($99.26 Mil) to Mar. 2022 ($46.03 Mil) and
declined
from Mar. 2022 ($46.03 Mil) to Mar. 2023 ($15.88 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. Modular Medical's Enterprise Value for Today is $48.35 Mil.
Modular Medical Market Cap Historical Data
The historical data trend for Modular Medical'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 Modular Medical's Market Cap
For the Medical Devices subindustry, Modular Medical'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.
Modular Medical's Market Cap Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Market Cap distribution charts can be found below:
* The bar in red indicates where Modular Medical's Market Cap falls into.
Modular Medical 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.
Modular Medical's Market Cap for the fiscal year that ended in Mar. 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.
Modular Medical (NAS:MODD) 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.
Modular Medical Market Cap Related Terms
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Modular Medical (Modular Medical) Business Description
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of an insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. The company's product's seeks to serve both the type 1 and the rapidly growing especially in terms of device adoption, type 2 diabetes markets.
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