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Video: What is a Stock Split?
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Novo Integrated Sciences, through its wholly owned subsidiary, Novo Healthnet Limited (NHL), delivers multidisciplinary primary health care related services and products through the integration of medical technology, interconnectivity, improved therapeutics, diagnostic solutions, personalized product offerings, and rehabilitative science. Co.'s clinicians and practitioners provide certain multidisciplinary primary health care services, and related products. NHL's team of multidisciplinary primary health care clinicians and practitioners provide assessment, diagnosis, education and primary prevention for an array of orthopedic, musculoskeletal, sports injury, and neurological conditions. According to our NVOS split history records, Novo Integrated Sciences has had 1 split. | |
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Novo Integrated Sciences (NVOS) has 1 split in our NVOS split history database. The split for NVOS took place on November 07, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of NVOS 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 Novo Integrated Sciences 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 NVOS 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 Novo Integrated Sciences shares, starting with a $10,000 purchase of NVOS, presented on a split-history-adjusted basis factoring in the complete NVOS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/24/2021 |
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End date: |
04/24/2024 |
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Start price/share: |
$63.70 |
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End price/share: |
$0.53 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.18% |
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Average Annual Total Return: |
-78.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$82.41 |
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Years: |
3.16 |
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Date |
Ratio |
11/07/2023 | 1 for 10 |
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