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Video: What is a Stock Split?
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Marpai is a technology-driven healthcare payer. Co. provides services to (i) its Clients who are self-insured employers that pay for their employees' healthcare benefits and engage Co. to administer the latter's healthcare claims (Clients); (ii) employees and their family members who receive these healthcare benefits from Co.'s Clients, and (iii) healthcare providers including, doctors, doctor groups, hospitals, and clinics, providing healthcare services or products. Co. provides administrative services, and act as Third-Party-Administrator to self-insured employers who provide healthcare benefits to their employees. According to our MRAI split history records, Marpai has had 1 split. | |
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Marpai (MRAI) has 1 split in our MRAI split history database. The split for MRAI took place on June 29, 2023. This was a 1 for 4 reverse split, meaning for each 4 shares of MRAI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Marpai 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 MRAI split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Marpai shares, starting with a $10,000 purchase of MRAI, presented on a split-history-adjusted basis factoring in the complete MRAI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/28/2021 |
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End date: |
04/26/2024 |
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Start price/share: |
$22.80 |
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End price/share: |
$2.18 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-90.44% |
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Average Annual Total Return: |
-60.96% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$955.99 |
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Years: |
2.50 |
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Date |
Ratio |
06/29/2023 | 1 for 4 |
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