Psychemedics provides testing services for the detection of drugs of abuse through the analysis of hair samples. Co.'s testing methods utilize a technology that digests the hair and releases drugs trapped in the hair without destroying the drugs. Co. provides screening and confirmation by mass spectrometry for cocaine, marijuana, PCP, amphetamines (including ecstasy, eve and Adderall®), opiates (including heroin, hydrocodone, hydromorphone, oxycodone, oxymorphone and codeine), synthetic cannabinoids (including K2, Spice, Blaze), benzodiazepines (Xanax®, Valium®, and Ativan®), nicotine and Fentanyl. We show 58 historical shares outstanding datapoints in our PMD shares outstanding history coverage, used to compute PMD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PMD market cap history over the course of time is important for investors
interested in comparing PMD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PMD versus a peer is one thing; comparing
PMD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PMD can fluctuate over the course of history.
With this page we aim to empower investors researching PMD by allowing them to research the PMD market cap history. |
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Video: The Importance of Market Cap
