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Video: What is a Stock Split?
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Emmaus Life Sciences is a predictive analytics company. Co. employs a platform to support personalized care for mental health patients. Co. utilizes its machine learning, artificial intelligence, data analytics platform for the delivery of telebehavioral health services and its Psychiatric Electroencephalograms (EEGs) Evaluation Registry (PEER) predictive analytics product offering. Co.'s platform (PEER Online) utilizes algorithms to analyze EEGs to generate PEER Reports to predict individual responses to a range of medications prescribed for the treatment of behavioral disorders including depression, anxiety, bipolar disorder, post-traumatic stress disorder and other non-psychotic disorders. According to our EMMA split history records, EMMA has had 1 split. | |
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EMMA (EMMA) has 1 split in our EMMA split history database. The split for EMMA took place on July 18, 2019. This was a 1 for 6 reverse split, meaning for each 6 shares of EMMA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as EMMA 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 EMMA split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EMMA shares, starting with a $10,000 purchase of EMMA, presented on a split-history-adjusted basis factoring in the complete EMMA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/17/2024 |
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Start price/share: |
$2.88 |
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End price/share: |
$0.11 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.04% |
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Average Annual Total Return: |
-27.61% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$395.87 |
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Years: |
9.99 |
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Date |
Ratio |
07/18/2019 | 1 for 6 |
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