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Video: What is a Stock Split?
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T Stamp is an artificial intelligence company that develops proprietary identity solutions to help determine whether an individual is who they say they are and that they can be trusted, including its artificial intelligence-powered facial biometrics that establish proof of life and are resistant to presentation attacks. In that example, a biometric capture can be converted into a tokenized identity (IT2) that is unique to the user but cannot be reverse engineered and rebuilt into the user's face or other biometric data, does not constitute personally identifiable information. The users' IT2 can be used for re-authentication purposes including account recovery and password-less login. According to our IDAI split history records, T Stamp has had 1 split. | |
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T Stamp (IDAI) has 1 split in our IDAI split history database. The split for IDAI took place on March 23, 2023. This was a 1 for 5 reverse split, meaning for each 5 shares of IDAI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as T Stamp 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 IDAI split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into T Stamp shares, starting with a $10,000 purchase of IDAI, presented on a split-history-adjusted basis factoring in the complete IDAI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/25/2021 |
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End date: |
04/26/2024 |
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Start price/share: |
$91.95 |
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End price/share: |
$0.77 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.16% |
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Average Annual Total Return: |
-77.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$83.74 |
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Years: |
3.16 |
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Date |
Ratio |
03/23/2023 | 1 for 5 |
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