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Video: What is a Stock Split?
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Intellicheck is a technology company that is engaged in developing, integrating and marketing identity verification solutions. Co.'s primary businesses include Identity Systems products, which include commercial applications of identity card reading authentication. Co.'s Intellicheck® Platform is an identity solution that checks whether an ID is valid, matches the ID to the person presenting it, and provides a risk score to help determine the risk of doing business with that person. Co.'s State Aware Software solution provides or restricts information that is electronically scanned from an ID based on the electronic reading laws according to the state in which the ID is scanned. According to our IDN split history records, Intellicheck has had 1 split. | |
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Intellicheck (IDN) has 1 split in our IDN split history database. The split for IDN took place on August 13, 2014. This was a 1 for 8 reverse split, meaning for each 8 shares of IDN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Intellicheck 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 IDN split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Intellicheck shares, starting with a $10,000 purchase of IDN, presented on a split-history-adjusted basis factoring in the complete IDN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
03/18/2024 |
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Start price/share: |
$8.80 |
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End price/share: |
$1.79 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-79.66% |
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Average Annual Total Return: |
-14.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2,033.68 |
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Years: |
10.00 |
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Date |
Ratio |
08/13/2014 | 1 for 8 |
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