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Video: What is a Stock Split?
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Nano Dimension engages, by means of the subsidiary, Nano Dimension Technologies Ltd., in the development of a three-dimensional additive manufacturing system and nanotechnology based conductive and dielectric inks, which are supplementary products to the additive manufacturing system. Co.'s products consist of three main product lines, which include its DragonFly Lights-Out Digital Manufacturing (LDM) precision system, proprietary ink products and software. Co.'s DragonFly LDM can print sensors, conductive geometries, radio frequency devices, antennas, multilayer circuit-boards, and molded connected devices for prototyping and custom additive manufacturing. According to our NNDM split history records, Nano Dimension has had 1 split. | |
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Nano Dimension (NNDM) has 1 split in our NNDM split history database. The split for NNDM took place on October 22, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of NNDM 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.
When a company such as Nano Dimension 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 NNDM split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nano Dimension shares, starting with a $10,000 purchase of NNDM, presented on a split-history-adjusted basis factoring in the complete NNDM split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/09/2016 |
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End date: |
03/28/2024 |
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Start price/share: |
$69.00 |
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End price/share: |
$2.79 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.96% |
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Average Annual Total Return: |
-32.87% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$403.51 |
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Years: |
8.05 |
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Date |
Ratio |
10/22/2019 | 1 for 10 |
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