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Video: What is a Stock Split?
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Intelligent Bio Solutions is a medical technology company focused on developing and delivering testing and screening solutions. Co.'s product portfolio includes: Intelligent Fingerprinting Platform, which consists of Intelligent Fingerprinting Drug Screening System, a sweat-based fingerprint diagnostic testing products designed to detect drugs of abuse including opioids, cocaine, methamphetamines, benzodiazepines, cannabis, methadone, and buprenorphine; and Biosensor Platform, which consists of Saliva Glucose Biosensor, designed to detect multiple biological analytes by substituting the Glucose Oxidase enzyme with an alternative for each analyte. According to our INBS split history records, Intelligent Bio Solutions has had 2 splits. | |
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Intelligent Bio Solutions (INBS) has 2 splits in our INBS split history database. The first split for INBS took place on February 10, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of INBS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. INBS's second split took place on January 29, 2024. This was a 1 for 12 reverse split, meaning for each 12 shares of INBS owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as Intelligent Bio Solutions 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 INBS split history from start to finish, an original position size of 1000 shares would have turned into 4.16666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Intelligent Bio Solutions shares, starting with a $10,000 purchase of INBS, presented on a split-history-adjusted basis factoring in the complete INBS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/23/2020 |
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End date: |
04/29/2024 |
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Start price/share: |
$2,644.80 |
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End price/share: |
$2.80 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.89% |
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Average Annual Total Return: |
-87.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10.58 |
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Years: |
3.35 |
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Date |
Ratio |
02/10/2023 | 1 for 20 | 01/29/2024 | 1 for 12 |
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