|
Video: What is a Stock Split?
|
|
Assure Holdings is provider of outsourced intraoperative neurophysiological monitoring (IONM) and remote neurology services that help make surgeries safer. Co. provides two types of services, the Technical Component and Professional Component of IONM. Co.'s in-house Interoperative Neurophysiologists (INP) provides Technical Component IONM services from the operating room throughout the procedure, while the telehealth-oriented supervising practitioners provide a level of redundancy and risk mitigation in support of the onsite INPs and surgical team. Co.also provides the INP and supervising practitioner, real time monitoring, patient advocacy and billing and collecting for services provided. According to our IONM split history records, Assure Holdings has had 1 split. | |
|
Assure Holdings (IONM) has 1 split in our IONM split history database. The split for IONM took place on March 06, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of IONM 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.
When a company such as Assure Holdings 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 IONM split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Assure Holdings shares, starting with a $10,000 purchase of IONM, presented on a split-history-adjusted basis factoring in the complete IONM split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
03/05/2018 |
|
End date: |
04/26/2024 |
|
Start price/share: |
$55.96 |
|
End price/share: |
$0.70 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-98.76% |
|
Average Annual Total Return: |
-51.03% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$124.32 |
|
Years: |
6.15 |
|
|
|
Date |
Ratio |
03/06/2023 | 1 for 20 |
|
|