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Video: What is a Stock Split?
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Enovis is a medical technology company focused on developing solutions and transform workflows by manufacturing and distributing medical devices with many products used for reconstructive surgery, rehabilitation, pain management and physical therapy. Co.'s segments are: Prevention and Recovery, which includes orthopedic bracing, hot and cold therapy, bone growth stimulators, vascular therapy systems and compression garments, therapeutic shoes and inserts, electrical stimulators and physical therapy products; and Reconstructive, which is engaged in providing a suite of reconstructive joint products for the hip, knee, shoulder, elbow, foot, ankle, and finger and surgical productivity tools. According to our ENOV split history records, Enovis has had 2 splits. | |
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Enovis (ENOV) has 2 splits in our ENOV split history database. The first split for ENOV took place on July 22, 2005. This was a 1 for 45 reverse split, meaning for each 45 shares of ENOV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 22.2222222222222 share position following the split. ENOV's second split took place on April 05, 2022. This was a 581 for 1000 reverse split, meaning for each 1000 shares of ENOV owned pre-split, the shareholder now owned 581 shares. For example, a 22.2222222222222 share position pre-split, became a 12.9111111111111 share position following the split.
When a company such as Enovis 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 ENOV split history from start to finish, an original position size of 1000 shares would have turned into 12.9111111111111 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Enovis shares, starting with a $10,000 purchase of ENOV, presented on a split-history-adjusted basis factoring in the complete ENOV 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: |
04/19/2024 |
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Start price/share: |
$126.85 |
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End price/share: |
$55.83 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-55.99% |
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Average Annual Total Return: |
-7.88% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,400.88 |
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Years: |
10.00 |
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Date |
Ratio |
07/22/2005 | 1 for 45 | 04/05/2022 | 581 for 1000 |
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