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Video: What is a Stock Split?
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Digital Ally operates through the following segments: Video Solutions, which produces digital video imaging, storage products, disinfectant and related safety products for use in law enforcement, security and commercial applications, as well as provides cloud and warranty solutions, and hardware sales for video and health safety solutions; Revenue Cycle Management, which provides working capital and back-office services to healthcare organizations; and Ticketing, which act as an intermediary between ticket buyers and sellers within its secondary ticketing platform, ticketsmarter.com, and it also acquires tickets from primary sellers to then sell through various platforms. According to our DGLY split history records, Digital Ally has had 2 splits. | |
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Digital Ally (DGLY) has 2 splits in our DGLY split history database. The first split for DGLY took place on August 24, 2012. This was a 1 for 8 reverse split, meaning for each 8 shares of DGLY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split. DGLY's second split took place on February 08, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of DGLY owned pre-split, the shareholder now owned 1 share. For example, a 125 share position pre-split, became a 6.25 share position following the split.
When a company such as Digital Ally 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 DGLY split history from start to finish, an original position size of 1000 shares would have turned into 6.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Digital Ally shares, starting with a $10,000 purchase of DGLY, presented on a split-history-adjusted basis factoring in the complete DGLY 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: |
04/25/2024 |
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Start price/share: |
$96.40 |
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End price/share: |
$1.95 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.98% |
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Average Annual Total Return: |
-32.31% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$202.17 |
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Years: |
10.00 |
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Date |
Ratio |
08/24/2012 | 1 for 8 | 02/08/2023 | 1 for 20 |
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