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). Singing Machine Co's share price for the quarter that ended in Dec. 2023 was $1.01. Singing Machine Co's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 6.42 Mil. Therefore, Singing Machine Co's market cap for the quarter that ended in Dec. 2023 was $6.48 Mil.
Singing Machine Co's quarterly market cap
declined
from Jun. 2023 ($5.61 Mil) to Sep. 2023 ($4.26 Mil) but then
increased
from Sep. 2023 ($4.26 Mil) to Dec. 2023 ($6.48 Mil).
Singing Machine Co's annual market cap
declined
from Mar. 2021 ($16.02 Mil) to Mar. 2022 ($5.10 Mil) and
declined
from Mar. 2022 ($5.10 Mil) to Mar. 2023 ($4.94 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. Singing Machine Co's Enterprise Value for Today is $4.56 Mil.
Singing Machine Co Market Cap Historical Data
The historical data trend for Singing Machine Co'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 Singing Machine Co's Market Cap
For the Consumer Electronics subindustry, Singing Machine Co'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.
Singing Machine Co's Market Cap Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Singing Machine Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Singing Machine Co's Market Cap falls into.
Singing Machine Co 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.
Singing Machine Co'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.
Singing Machine Co (NAS:MICS) 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.
Singing Machine Co Market Cap Related Terms
Thank you for viewing the detailed overview of Singing Machine Co's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Singing Machine Co (Singing Machine Co) Business Description
Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has also collaborated with a music content service provider that allows the company to offer karaoke downloads and streaming subscription services. This collaboration provides the company with a distribution platform for digital music sales and subscriptions and music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.
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