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Video: What is a Stock Split?
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Taronis Technologies is a technology company that utilizes a plasma based system for the gasification and sterilization of liquid waste. Co. sells two products: its proprietary fuel, MagneGas2®, for use in the metal working industry, the machines that produce MagneGas2®, known as Plasma Arc Flow® refineries. In addition, Co. sells metal cutting fuels and ancillary products through Equipment Sales and Services, Inc., GGNG Enterprises, Inc. and Green Arc Supply, L.L.C. subsidiaries. According to our MNGA split history records, MNGA has had 3 splits. | |
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MNGA (MNGA) has 3 splits in our MNGA split history database. The first split for MNGA took place on May 22, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of MNGA 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. MNGA's second split took place on January 17, 2018. This was a 1 for 15 reverse split, meaning for each 15 shares of MNGA 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. MNGA's third split took place on February 01, 2019. This was a 1 for 20 reverse split, meaning for each 20 shares of MNGA owned pre-split, the shareholder now owned 1 share. For example, a 6.66666666666667 share position pre-split, became a 0.333333333333333 share position following the split.
When a company such as MNGA 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 MNGA split history from start to finish, an original position size of 1000 shares would have turned into 0.333333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MNGA shares, starting with a $10,000 purchase of MNGA, presented on a split-history-adjusted basis factoring in the complete MNGA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
02/19/2019 |
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Start price/share: |
$4,170.00 |
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End price/share: |
$0.85 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.98% |
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Average Annual Total Return: |
-82.77% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2.04 |
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Years: |
4.83 |
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Date |
Ratio |
05/22/2017 | 1 for 10 | 01/17/2018 | 1 for 15 | 02/01/2019 | 1 for 20 |
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