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Video: What is a Stock Split?
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Color Star Technology Co., Ltd. is an entertainment technology company. Co. focuses on the application of technology and artificial intelligence in the entertainment industry, and primarily provides services through its wholly owned subsidiaries, Color Metaverse Pte.Ltd (Color Metaverse) and CACM Group NY, Inc. Color World is its online cultural entertainment platform, which is operated by Color Metaverse. It is a platform primarily providing celebrity-led education services. The curriculum development created by the Co. includes music, sports, animation, painting and calligraphy, film and television, life skill, and others. According to our ADD split history records, Color Star Technology has had 1 split. | |
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Color Star Technology (ADD) has 1 split in our ADD split history database. The split for ADD took place on November 15, 2024. This was a 1 for 100 reverse split, meaning for each 100 shares of ADD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split.
When a company such as Color Star Technology conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ADD split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Color Star Technology shares, starting with a $10,000 purchase of ADD, presented on a split-history-adjusted basis factoring in the complete ADD split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/11/2014 |
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End date: |
12/09/2024 |
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Start price/share: |
$531.00 |
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End price/share: |
$3.53 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.34% |
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Average Annual Total Return: |
-39.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$66.48 |
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Years: |
10.00 |
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Date |
Ratio |
11/15/2024 | 1 for 100 |
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