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Video: What is a Stock Split?
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LogicMark provides technology products and services for healthcare applications. Co.'s subsidiary, LogicMark, LLC (LogicMark), produces a range of products within the personal emergency response systems market and provides no monthly fee products. LogicMark provides both conventional (i.e., landline) and mPERS (i.e., cell-based) options. Co.'s no monthly fee products are sold primarily through the U.S. Department of Veterans Affairs and healthcare distributors. LogicMark provides monitored products that are primarily sold by dealers and distributors for the monitored product channel. Co.'s products include: GuardianAlert, Guardian Alert 911 Plus, FreedomAlert and Notifi 911+. According to our LGMK split history records, LogicMark has had 1 split. | |
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LogicMark (LGMK) has 1 split in our LGMK split history database. The split for LGMK took place on April 24, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of LGMK 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 LogicMark 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 LGMK 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 LogicMark shares, starting with a $10,000 purchase of LGMK, presented on a split-history-adjusted basis factoring in the complete LGMK split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$85.00 |
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End price/share: |
$0.83 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.02% |
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Average Annual Total Return: |
-37.03% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$98.15 |
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Years: |
10.00 |
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Date |
Ratio |
04/24/2023 | 1 for 20 |
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