To that I would ask what the market cap limit was thought to be for GME back in January. The meme stocks and crypto have surpassed various limits that people thought would be rational at the time by comparing them to established big name companies.
It feels like whatever limit people think exists can be broken and has been this year.
I agree with you. I have no idea what the limit is but looking at GME share price of $480+ or whatever the high was and to then say I think AMC can get there. I think is not the right way to look at it. It's better to say what was the market cap of GME (It seems to be about $34.5 billion) at the high and perhaps AMC can match that. If AMC can match that then you get a share price of $76-77 bucks I think with quick math.
To say, that since GME went to $480 that maybe AMC can get there. Would give a market cap of about $220 billion which is 7x what GME did.
I could see the $76-77 scenario maybe happening. but the $480 scenario would be insane. Yes GME went to $480, but it only maxed out at $34.5 billion market cap. To suggest AMC could match GME stock price and touch a market cap of $220 billion would mean that AMC would be worth as much as NFLX.
Again I have no idea what could happen and I agree with you that all limits and what people thought has been shattered. But I just wanted to show the math / market cap as I like using that to determine how high a stock could go then share price since share price is misleading.
Take this example if you were to talk to a stranger off the street. If you never mentioned market cap to them but just share price.
You could have a stock price be $1,000 but a market cap of $1 billion. I could see how that stock price could go from $1,000 to $40,000 and be worth $40 billion in market cap. But I'm sure if you told them this, a person who didn't know anything about stocks would think you would be crazy suggesting a stock could go from $1,000 to $40,000.
But if you said to him there was a share price of $1.00 (but it was worth $1 trillion). You could ask them, which is far more likely. The $1,000 to $40,000 or the $1.00 to $40 bucks. Same % Return. I'm sure most people would say well if it's $1 it could go to $40 vs the $1,000 to $40,000.
That's all I'm trying to convey with the share price vs market cap. Friends of mine still think that since MSFT is worth $240, but TSLA is worth $650 or whatever that TSLA is more valuable company.
