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Video: What is a Stock Split?
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Cenntro Electric Group is a a holding company. Through its subsidiaries in the US, Germany and in the People's Republic of China, Co. is a designer and manufacturer of electric light- and medium-duty vehicles (ECVs). Co.'s purpose-built ECVs are designed to serve a variety of corporate and governmental organizations in support of city services, last-mile delivery and other commercial applications. Co. has began production of its US Class 1 (0 pounds to 6,000 pounds), electric light-duty commercial vehicle, the Metro®. The Metro® is a customizable ECV used in commercial applications such as city services and last-mile delivery. According to our CENN split history records, Cenntro has had 2 splits. | |
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Cenntro (CENN) has 2 splits in our CENN split history database. The first split for CENN took place on December 01, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of CENN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. CENN's second split took place on December 08, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of CENN owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 10 share position following the split.
When a company such as Cenntro 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 CENN 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 Cenntro shares, starting with a $10,000 purchase of CENN, presented on a split-history-adjusted basis factoring in the complete CENN 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: |
04/26/2024 |
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Start price/share: |
$12.00 |
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End price/share: |
$1.47 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-87.75% |
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Average Annual Total Return: |
-18.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,224.80 |
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Years: |
10.00 |
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Date |
Ratio |
12/01/2023 | 1 for 10 | 12/08/2023 | 1 for 10 |
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