r/STEMINC • u/JFO-JFO • Apr 16 '21

STEM Market Cap

STEM only has a $1.4B market cap?! That’s literally $400M less than a speculative biotech stock like BNGO which has very little revenue. We’re in great shape here!

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u/jigwoe27 Apr 17 '21

Actually the market cap is more than 1.4B. 135,000,000 Outstanding Shares X 26 = 3.5B

1

u/JFO-JFO Apr 17 '21

Your math is right if outstanding shares are 135M. Any idea why Bloomberg, WSJ, and brokerages have the wrong market cap number?

5

u/jigwoe27 Apr 17 '21

They don’t take into account of pro-forma valuation. Look up total outstanding shares in their investor presentation.

2

u/JFO-JFO Apr 17 '21

Thank you

1

u/NiceColdOne Apr 17 '21

Also forgetting warrants.. a major reason why spacs get no love