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 Video: What is a Stock Split?
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| NeuroMetrix develops and commercializes health care products that utilize non-invasive neurostimulation. Co. designs, builds and markets medical devices that stimulate nerves and analyzes nerve response for diagnostic and therapeutic purposes. Co.'s products consist of a medical device used in conjunction with a consumable electrode or biosensor. Co.'s marketed products include: DPNCheck, which is a nerve conduction test that is used to evaluate evaluate peripheral neuropathies such as diabetic peripheral neuropathy; Quell, which is a wearable device for symptomatic relief of chronic pain; and ADVANCE System, which is a platform for the performance of nerve conduction studies. According to our NURO split history records, NeuroMetrix has had 5 splits. | |
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NeuroMetrix (NURO) has 5 splits in our NURO split history database. The first split for NURO took place on February 19, 2013. This was a 1 for 6 reverse split, meaning for each 6 shares of NURO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. NURO's second split took place on December 02, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of NURO owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 41.6666666666667 share position following the split. NURO's third split took place on May 12, 2017. This was a 1 for 8 reverse split, meaning for each 8 shares of NURO owned pre-split, the shareholder now owned 1 share. For example, a 41.6666666666667 share position pre-split, became a 5.20833333333333 share position following the split. NURO's 4th split took place on November 19, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of NURO owned pre-split, the shareholder now owned 1 share. For example, a 5.20833333333333 share position pre-split, became a 0.520833333333333 share position following the split. NURO's 5th split took place on November 22, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of NURO owned pre-split, the shareholder now owned 1 share. For example, a 0.520833333333333 share position pre-split, became a 0.0651041666666667 share position following the split.
When a company such as NeuroMetrix 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 NURO split history from start to finish, an original position size of 1000 shares would have turned into 0.0651041666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NeuroMetrix shares, starting with a $10,000 purchase of NURO, presented on a split-history-adjusted basis factoring in the complete NURO split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$5,939.20 |
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| End price/share: |
$3.65 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.94% |
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| Average Annual Total Return: |
-52.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6.15 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/19/2013 | 1 for 6 | | 12/02/2015 | 1 for 4 | | 05/12/2017 | 1 for 8 | | 11/19/2019 | 1 for 10 | | 11/22/2023 | 1 for 8 |
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