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). Prime Medicine's share price for the quarter that ended in Mar. 2024 was $7. Prime Medicine's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 120.02 Mil. Therefore, Prime Medicine's market cap for the quarter that ended in Mar. 2024 was $840.15 Mil.
Prime Medicine's quarterly market cap
declined
from Sep. 2023 ($928.47 Mil) to Dec. 2023 ($862.76 Mil) and
declined
from Dec. 2023 ($862.76 Mil) to Mar. 2024 ($840.15 Mil).
Prime Medicine's annual market cap
increased
from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($1,806.15 Mil) but then
declined
from Dec. 2022 ($1,806.15 Mil) to Dec. 2023 ($862.76 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. Prime Medicine's Enterprise Value for Today is $727.30 Mil.
Prime Medicine Market Cap Historical Data
The historical data trend for Prime Medicine'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 Prime Medicine's Market Cap
For the Biotechnology subindustry, Prime Medicine'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.
Prime Medicine's Market Cap Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Prime Medicine's Market Cap distribution charts can be found below:
* The bar in red indicates where Prime Medicine's Market Cap falls into.
Prime Medicine 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.
Prime Medicine'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.
Prime Medicine (NAS:PRME) 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.
Prime Medicine Market Cap Related Terms
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Prime Medicine (Prime Medicine) Business Description
Prime Medicine Inc is a biotechnology company committed to delivering genetic therapies to address diseases by deploying gene editing technology, Prime Editing. The Prime Editing technology is a next-generation technology that can search and replace to restore normal genetic function in the genome and can treat a wide spectrum of diseases with high unmet medical needs and efficient and broad gene editing technology.
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