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Video: What is a Stock Split?
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Cuentas is a holding company. Through its subsidiaries, Co. is focused on financial technology services, delivering mobile financial services, prepaid debit and digital content services to unbanked, underbanked and underserved communities. Additionally, Co. has an agreement with Interactive Communications International, Inc., a processor of general purpose reloadable (GPR) debit cards, to market and distribute a line of prepaid digital content and gift cards targeted towards the Latin American market. According to our CUEN split history records, Cuentas has had 2 splits. | |
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Cuentas (CUEN) has 2 splits in our CUEN split history database. The first split for CUEN took place on February 02, 2021. This was a 1 for 2 reverse split, meaning for each 2 shares of CUEN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. CUEN's second split took place on March 24, 2023. This was a 1 for 13 reverse split, meaning for each 13 shares of CUEN owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 38.4615384615385 share position following the split.
When a company such as Cuentas 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 CUEN split history from start to finish, an original position size of 1000 shares would have turned into 38.4615384615385 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cuentas shares, starting with a $10,000 purchase of CUEN, presented on a split-history-adjusted basis factoring in the complete CUEN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/06/2021 |
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End date: |
04/24/2024 |
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Start price/share: |
$86.58 |
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End price/share: |
$0.23 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.73% |
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Average Annual Total Return: |
-83.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$26.78 |
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Years: |
3.30 |
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Date |
Ratio |
02/02/2021 | 1 for 2 | 03/24/2023 | 1 for 13 |
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