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Video: What is a Stock Split?
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Meta Materials is a developer of functional materials and nanocomposites focusing in metamaterial research and products, nanofabrication, and computational electromagnetics. Co.'s platform technology includes: holography, which is a technique where collimated visible wavelength lasers are used to write an interference pattern inside the volume of light-sensitive material (photopolymer); lithography, which is a process used in the fabrication of integrated circuits, in which a light-sensitive polymer (photoresist); and medical wireless sensing, which uses infrared and radio frequency transmitters and receivers to collect and measure a variety of biological information. According to our MMAT split history records, Meta Materials has had 2 splits. | |
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Meta Materials (MMAT) has 2 splits in our MMAT split history database. The first split for MMAT took place on June 28, 2021. This was a 1 for 2 reverse split, meaning for each 2 shares of MMAT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. MMAT's second split took place on January 29, 2024. This was a 1 for 100 reverse split, meaning for each 100 shares of MMAT owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 5 share position following the split.
When a company such as Meta Materials 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 MMAT split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Meta Materials shares, starting with a $10,000 purchase of MMAT, presented on a split-history-adjusted basis factoring in the complete MMAT split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$952.00 |
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End price/share: |
$3.01 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.68% |
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Average Annual Total Return: |
-43.78% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$31.59 |
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Years: |
10.00 |
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Date |
Ratio |
06/28/2021 | 1 for 2 | 01/29/2024 | 1 for 100 |
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