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Video: What is a Stock Split?
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Digital Brands Group is a collection of lifestyle brands that provides a variety of apparel products through direct-to-consumer and wholesale distribution. Co.'s principal products and services include: Bailey, which delivers contemporary apparel using at an entry contemporary price point; DSTLD, which provides garments without the retail markup valuing customer experience over labels; Harper & Jones, which is focused on delivering custom and made-to-measure suiting and sportswear; Stateside, which provides a collection of elevated American basics influenced by the evolution of the classic T-Shirt; and Sunnyside, which provides collection of women's clothing and accessory products. According to our DBGI split history records, Digital Brands Group has had 2 splits. | |
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Digital Brands Group (DBGI) has 2 splits in our DBGI split history database. The first split for DBGI took place on November 04, 2022. This was a 1 for 100 reverse split, meaning for each 100 shares of DBGI 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. DBGI's second split took place on August 22, 2023. This was a 1 for 25 reverse split, meaning for each 25 shares of DBGI owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 0.4 share position following the split.
When a company such as Digital Brands Group 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 DBGI split history from start to finish, an original position size of 1000 shares would have turned into 0.4 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Digital Brands Group shares, starting with a $10,000 purchase of DBGI, presented on a split-history-adjusted basis factoring in the complete DBGI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/17/2021 |
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End date: |
03/28/2024 |
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Start price/share: |
$10,125.00 |
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End price/share: |
$4.16 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.96% |
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Average Annual Total Return: |
-93.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4.11 |
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Years: |
2.87 |
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Date |
Ratio |
11/04/2022 | 1 for 100 | 08/22/2023 | 1 for 25 |
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