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Video: What is a Stock Split?
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BitNile Metaverse is a holding company. Through its subsidiaries, Co. is engaged in three business segments: technology, which includes Zest Labs, Inc. that provides the Zest Fresh solution, an approach to quality management of fresh food; commodities, which includes Banner Midstream Corp. that engages in oil and gas exploration, production and drilling operations on mineral leases in Texas, Louisiana, and Mississippi, and provides transportation and logistics services and procures and finances equipment to oilfield transportation service contractors; and financial, which includes Trend Discovery Capital Management, LLC that provides services and collects fees from entities. According to our BNMV split history records, BNMV has had 1 split. | |
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BNMV (BNMV) has 1 split in our BNMV split history database. The split for BNMV took place on May 15, 2023. This was a 1 for 30 reverse split, meaning for each 30 shares of BNMV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as BNMV 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 BNMV split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BNMV shares, starting with a $10,000 purchase of BNMV, presented on a split-history-adjusted basis factoring in the complete BNMV split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
10/31/2023 |
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Start price/share: |
$1.20 |
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End price/share: |
$0.86 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-28.33% |
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Average Annual Total Return: |
-3.44% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$7,167.81 |
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Years: |
9.51 |
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Date |
Ratio |
05/15/2023 | 1 for 30 |
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