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Video: What is a Stock Split?
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NFT Gaming Company is engaged in the development, design, acquisition and management of digital games and to create and mint in-game features in the form of non-fungible tokens (NFTs). Co. develops a digital gaming platform, called Gaxos, that can be used as a base for its games, and for third-party game developers and publishers. Co. provides game developers and publishers with tools and features that can use to augment games, including tools that make use of blockchain and NFTs architecture. According to our GXAI split history records, Gaxos.ai has had 1 split. | |
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Gaxos.ai (GXAI) has 1 split in our GXAI split history database. The split for GXAI took place on March 08, 2024. This was a 1 for 12 reverse split, meaning for each 12 shares of GXAI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as Gaxos.ai 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 GXAI split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gaxos.ai shares, starting with a $10,000 purchase of GXAI, presented on a split-history-adjusted basis factoring in the complete GXAI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/16/2023 |
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End date: |
05/01/2024 |
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Start price/share: |
$54.00 |
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End price/share: |
$4.89 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-90.94% |
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Average Annual Total Return: |
-86.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$905.95 |
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Years: |
1.20 |
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Date |
Ratio |
03/08/2024 | 1 for 12 |
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