Not correct > PE is price to EARNINGS , Market cap is calculated by totals sales multipled by the total outstanding stock and not just the float.
Using todays closing price and the last SPNG filing
SPNG Current Market cap is $99,000,000.00
That is 2.98x trailing 12months sales - pretty lofty - but fair being last 3 months have been so good
And the Trailing PE price to earnings is CURRENTLY 12.8 X
Again LOFTY for an OTC in this market , but Fair for the last few months of solid growth and sales...
But Please dont tell me you are serious about $5 share or even $1 share as beinf fair market price...
Using the current OS from most recent filing , 722 milion shares , the market cap would be well over 3.5BILLION at $5 share , even if it was $1 share that is $722 milion market cap , say they do sell $150 milion in revenues and 20million profit over next 12 months , give it a 15xPE and or 2x sales , that is only about $300million market cap and about $.42 per share. IMPO that is hugely over the top , I agree SPNG is solid growing company , I would love to sell my shares for $1, but lets be real here guys. IMO the current market cap of $100 milion and PE of about 13 is very high but very fair for a growing company....
