|
Video: What is a Stock Split?
|
|
Surna is focused on designing, engineering and manufacturing application-specific environmental control and air sanitation systems for commercial, state- and provincial-regulated indoor cannabis cultivation facilities in the United States and Canada. Co.'s engineering and technical team provides solutions that allow growers to meet the demands of a cannabis cultivation environment. Co.'s indoor cannabis cultivation facilities allow it to deliver solutions to problems in precision climate and environmental controls, energy and water efficiency, and building code and permitting areas. Co.'s engineering design typically includes various mechanical components of a climate control system. According to our CEAD split history records, CEA Industries has had 1 split. | |
|
CEA Industries (CEAD) has 1 split in our CEAD split history database. The split for CEAD took place on June 07, 2024. This was a 1 for 12 reverse split, meaning for each 12 shares of CEAD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as CEA Industries 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 CEAD split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CEA Industries shares, starting with a $10,000 purchase of CEAD, presented on a split-history-adjusted basis factoring in the complete CEAD split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/07/2014 |
|
End date: |
11/05/2024 |
|
Start price/share: |
$5.57 |
|
End price/share: |
$6.87 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
23.34% |
|
Average Annual Total Return: |
2.12% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12,334.83 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
06/07/2024 | 1 for 12 |
|
|