a 172 million dollar market cap for an 8 cent stock seems kind of high to me, maybe that is just me.
How is an almost 200 million dollar market cap for a 8 cent stock a good thing?
Actually the market cap is ridiculously low. We have at least 7 patients injected with a rpe drug that if fda approved would bring in billions of dollars a year. So far the first three, 1 from smd usa, 1 from amd usa, and 1 from smd europe all have improved vision and the other 4 in the usa are said to be doing better as well. I feel the market cap should be closer to 1billion. Of course just my opinion. Steve
I'd suggest you learn about valuing companies rather than opinion on bulletin boards.
You have some learning to do about the relationship between number of shares, price per share, and the intrinsic value of companies and how to value them.
I gave you an answer that suggests what more you need to do. If you don't want to do it but want to restate the relationship between the NUMBER of shares times the price, which is a very simple calculation, but is not always meaningful as to the intrinsic ultimate value of a company, but is just a mechanistic relationship, then certainly stock investing is not likely your forte. Good luck.
Analyze the business, not the stock price. Look at the value of the technology, and what potential cash flow, given alternatives, that it might bring into existence. If you think it is "over valued" then, then don't invest. But for God's sake, don't look at penny price and make a statement based on that. That's like saying the earth looks flat, so therefore it must be.
Value is not always obvious, neither are bad companies like Enron or MCI, always obviously frauds, just because they had high stock prices.
Try to add something valuable to the conversation.