Market Cap Overview
Market Cap
$5.10M
Share Price
$0.016
Shares Outstanding
318.88M
What is LumiraDx's Market Cap?
LumiraDx's current Market Cap as of today is $5.10M.
Understanding Market Capitalization
Market Capitalization (Market Cap) is the total value of a company's outstanding shares of stock. It is calculated by multiplying the current market price of one share by the total number of outstanding shares.
- It provides a straightforward method of gauging a company's size.
- Market Cap can be used to compare companies within the same industry.
How is Market Cap calculated?
Market Cap is calculated by multiplying the current share price by the total number of outstanding shares:
Market Cap = Current Share Price × Total Shares Outstanding
In the case of LumiraDx, the market cap is calculated as $0.016 x 318.88M shares = $5.10M.
As a Micro Cap company, LumiraDx is a very small company that may be in its early stages.
LumiraDx Historical Market Cap
LumiraDx Market Cap vs Enterprise Value
Understanding Market Cap vs. Enterprise Value
While market cap represents the equity value of LumiraDx, enterprise value provides a more complete picture of the company's total value by including debt and cash:
Enterprise Value = Market Cap + Total Debt - Cash and Equivalents
LumiraDx's enterprise value as of June 30, 2023 (Q2 2023) is calculated as:
- Market Cap: $5.10M
- Total Debt: $402.76M
- Cash and Equivalents: $25.34M
- Enterprise Value: $530.48M
The difference between market cap and enterprise value can indicate the company's financial leverage and cash position. A higher enterprise value suggests significant debt levels.
LumiraDx Annual Market Cap History
| Year | Market Cap | Change |
|---|---|---|
| 2025 | $5.10M | -97.99% |
| 2022 | $254.02M | -82.49% |
| 2021 | $1.45B | -41.43% |
| 2020 | $2.48B | 0.00% |
| 2019 | $2.48B | N/A |
Frequently Asked Questions
Related Metrics
Explore detailed financial metrics and analysis for LMDX.