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Neonode develops optical touch and gesture control solutions for human-machine interface. Co. provides its touch and gesture control technology under the brand name zForce. In addition to its licensing business, Co. designs and manufactures sensor modules that incorporate its zForce AIR technology. Co. sells its sensors modules to Original Equipment Manufacturers, Original Design Manufacturers and Tier 1 suppliers for use in their systems and products. Co. also sells its Neonode branded AirBar product that incorporates one of its sensor modules through distributors. Co. provides technology licensing, sells embedded sensor modules and engineering consulting services. According to our NEON split history records, Neonode has had 2 splits.
NEON split history picture
Neonode (NEON) has 2 splits in our NEON split history database. The first split for NEON took place on December 03, 1998. This was a 2 for 1 split, meaning for each share of NEON owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NEON's second split took place on October 01, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of NEON owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 200 share position following the split.

When a company such as Neonode splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Neonode 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 NEON split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Neonode shares, starting with a $10,000 purchase of NEON, presented on a split-history-adjusted basis factoring in the complete NEON split history. NEON split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/26/2010
End date: 10/23/2020
Start price/share: $0.60
End price/share: $8.87
Dividends collected/share: $0.00
Total return: 1,378.33%
Average Annual Total Return: 30.91%
Starting investment: $10,000.00
Ending investment: $147,818.31
Years: 10.00
Date Ratio
12/03/19982 for 1
10/01/20181 for 10
NEON is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:

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