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Video: What is a Stock Split?
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Intec Parent is a clinical stage biopharmaceutical company focused on developing drugs based on its proprietary Accordion Pill platform technology, which Co. refers to as the Accordion Pill. Co.'s primary product candidate, Accordion Pill Carbidopa/Levodopa is being developed for the indication of treatment of Parkinson's disease symptoms in Parkinson's disease patients. In addition, Co. has initiated a clinical development program for its Accordion Pill platform with the two primary cannabinoids contained in cannabis sativa, which it refers to as AP-Cannabinoids. Co. is formulating and testing Cannabidiol and 9-Tetrahydrocannabinol for the treatment of various pain indications. According to our NTEC split history records, NTEC has had 2 splits. | |
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NTEC (NTEC) has 2 splits in our NTEC split history database. The first split for NTEC took place on October 30, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of NTEC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. NTEC's second split took place on July 27, 2021. This was a 1 for 4 reverse split, meaning for each 4 shares of NTEC owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 12.5 share position following the split.
When a company such as NTEC 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 NTEC split history from start to finish, an original position size of 1000 shares would have turned into 12.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NTEC shares, starting with a $10,000 purchase of NTEC, presented on a split-history-adjusted basis factoring in the complete NTEC split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/05/2015 |
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End date: |
08/03/2021 |
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Start price/share: |
$482.40 |
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End price/share: |
$9.63 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.00% |
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Average Annual Total Return: |
-47.92% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$199.54 |
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Years: |
6.00 |
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Date |
Ratio |
10/30/2020 | 1 for 20 | 07/27/2021 | 1 for 4 |
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