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Video: What is a Stock Split?
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Grom Social Enterprise is a holding company. Co. operates its business through the following subsidiaries: Grom Social, Inc., which is a media, technology and entertainment company for kids focused on producing original content on its website, www.gromsocial.com, and mobile application; TD Holdings Limited, which has operations conducted through Top Draw Animation, Inc., a production and pre-production animation studio working with international clients to produce two-dimensional digital production services for animated television series and movies; and Grom Educational Services, Inc., which provides a proprietary digital citizenship program that assists K-12 schools and libraries. According to our GROM split history records, Grom Social Enterprises has had 2 splits. | |
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Grom Social Enterprises (GROM) has 2 splits in our GROM split history database. The first split for GROM took place on December 09, 2022. This was a 1 for 30 reverse split, meaning for each 30 shares of GROM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split. GROM's second split took place on September 07, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of GROM owned pre-split, the shareholder now owned 1 share. For example, a 33.3333333333333 share position pre-split, became a 1.66666666666667 share position following the split.
When a company such as Grom Social Enterprises 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 GROM split history from start to finish, an original position size of 1000 shares would have turned into 1.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Grom Social Enterprises shares, starting with a $10,000 purchase of GROM, presented on a split-history-adjusted basis factoring in the complete GROM split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/15/2017 |
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End date: |
03/28/2024 |
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Start price/share: |
$1,566.00 |
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End price/share: |
$0.83 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.95% |
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Average Annual Total Return: |
-68.46% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5.30 |
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Years: |
6.54 |
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Date |
Ratio |
12/09/2022 | 1 for 30 | 09/07/2023 | 1 for 20 |
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