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Video: What is a Stock Split?
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Ideanomics operates in one segment with two business units, Ideanomics Mobility and Ideanomics Capital. Ideanomics Mobility operates as an end-to-end solutions provider for the procurement, financing, charging and energy management needs for fleet operators of commercial electric vehicles. Ideanomics Capital is Co.'s fintech business unit, which focuses on utilizing technology and to improve efficiency, transparency, and profitability for the financial services industry. According to our IDEX split history records, Ideanomics has had 1 split. | |
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Ideanomics (IDEX) has 1 split in our IDEX split history database. The split for IDEX took place on August 25, 2023. This was a 1 for 125 reverse split, meaning for each 125 shares of IDEX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 8 share position following the split.
When a company such as Ideanomics 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 IDEX split history from start to finish, an original position size of 1000 shares would have turned into 8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ideanomics shares, starting with a $10,000 purchase of IDEX, presented on a split-history-adjusted basis factoring in the complete IDEX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/30/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$371.25 |
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End price/share: |
$0.92 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.75% |
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Average Annual Total Return: |
-45.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$24.78 |
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Years: |
10.00 |
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Date |
Ratio |
08/25/2023 | 1 for 125 |
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