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Video: What is a Stock Split?
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Medigus is focused on medical-related devices and products on internet and other online-related technologies, and vehicle and wireless charging activities. Co.'s medical-related activities include miniaturized imaging equipment through its subsidiary, ScoutCam Inc., developing surgical devices with direct visualization capabilities for the treatment of Gastroesophageal Reflux Disease, by Co. using Medigus Ultrasonic Surgical Endostapler (MUSE) and biological gels to protect patients against biological threats and prevent intrusion of allergens and viruses through the upper airways and eye cavities through Co.'s stake and licensing arrangement with Polyrizon Ltd. According to our MDGS split history records, MDGS has had 2 splits. | |
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MDGS (MDGS) has 2 splits in our MDGS split history database. The first split for MDGS took place on March 15, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of MDGS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. MDGS's second split took place on November 14, 2022. This was a 1 for 15 reverse split, meaning for each 15 shares of MDGS owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 6.66666666666667 share position following the split.
When a company such as MDGS 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 MDGS split history from start to finish, an original position size of 1000 shares would have turned into 6.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MDGS shares, starting with a $10,000 purchase of MDGS, presented on a split-history-adjusted basis factoring in the complete MDGS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
08/06/2015 |
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End date: |
04/17/2024 |
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Start price/share: |
$690.00 |
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End price/share: |
$2.36 |
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Starting shares: |
14.49 |
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Ending shares: |
16.62 |
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Dividends reinvested/share: |
$0.85 |
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Total return: |
-99.61% |
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Average Annual Total Return: |
-47.09% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$39.23 |
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Years: |
8.70 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/06/2015 |
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End date: |
04/17/2024 |
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Start price/share: |
$690.00 |
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End price/share: |
$2.36 |
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Dividends collected/share: |
$0.85 |
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Total return: |
-99.53% |
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Average Annual Total Return: |
-46.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$46.55 |
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Years: |
8.70 |
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Date |
Ratio |
03/15/2017 | 1 for 10 | 11/14/2022 | 1 for 15 |
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