“I used that number because thats Gilead price p
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Posted On: 04/05/2020 12:01:27 PM
Re: Shelly2626 #25538
“I used that number because thats Gilead price per share.”
When comparing companies, you have to use market cap and not PPS because of the most likely difference in outstanding shares.
Gilead’s share price is $78.21, but their market cap is $98.47 billion. So if you’re saying that CYDY will one day be worth $98.47 billion, at an outstanding share count of 700 million, the PPS would be $140.67.
Some of these other COVID19 companies are going from $2 to $25 in a day or two because they only had a few million shares outstanding, but their market caps are small compared to CYDYs.
When comparing companies, you have to use market cap and not PPS because of the most likely difference in outstanding shares.
Gilead’s share price is $78.21, but their market cap is $98.47 billion. So if you’re saying that CYDY will one day be worth $98.47 billion, at an outstanding share count of 700 million, the PPS would be $140.67.
Some of these other COVID19 companies are going from $2 to $25 in a day or two because they only had a few million shares outstanding, but their market caps are small compared to CYDYs.
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