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 Video: What is a Stock Split?
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| Nutriband is engaged in the development of a portfolio of transdermal pharmaceutical products. Co.'s key product is its abuse deterrent fentanyl transdermal system which it is developing to provide clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy combined with properties designed to help combat the opioid crisis by deterring the abuse and misuse of fentanyl patches. Co. is developing a portfolio of transdermal pharmaceutical products to deliver commercially available drugs or biologics that are delivered by injection but with the potential to improve compliance and therapeutic outcomes. According to our NTRB split history records, Nutriband has had 1 split. | |
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Nutriband (NTRB) has 1 split in our NTRB split history database. The split for NTRB took place on August 12, 2022. This was a 1166 for 1000 split, meaning for each 1000 shares of NTRB owned pre-split, the shareholder now owned 1166 shares. For example, a 1000 share position pre-split, became a 1166 share position following the split.
When a company such as Nutriband 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.
Looking at the NTRB split history from start to finish, an original position size of 1000 shares would have turned into 1166 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nutriband shares, starting with a $10,000 purchase of NTRB, presented on a split-history-adjusted basis factoring in the complete NTRB split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/04/2021 |
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| End date: |
04/25/2024 |
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| Start price/share: |
$5.55 |
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| End price/share: |
$3.65 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-34.23% |
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| Average Annual Total Return: |
-15.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,575.83 |
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| Years: |
2.56 |
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| Date |
Ratio |
| 08/12/2022 | 1166 for 1000 |
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