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Video: What is a Stock Split?
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Nuvve Holding, through its subsidiary, Nuvve Corporation, develops and commercializes Vehicle to Grid (V2G) technology. Co. has developed a proprietary V2G technology, including Co.'s Grid Integrated Vehicle (GIVe) cloud-based software platform, that enables it to link multiple electric vehicle batteries into a virtual power plant to provide bi-directional energy to the electrical grid. The V2G technology may allow energy users to reduce energy peak consumption and enable utilities to reduce the required internally generated peak demand. In addition, Co. provides V2G solutions to its customers, including V2G bidirectional chargers which are preconfigured to work with its GIVe platform. According to our NVVE split history records, Nuvve Holding has had 1 split. | |
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Nuvve Holding (NVVE) has 1 split in our NVVE split history database. The split for NVVE took place on January 22, 2024. This was a 1 for 40 reverse split, meaning for each 40 shares of NVVE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 25 share position following the split.
When a company such as Nuvve Holding 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 NVVE split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nuvve Holding shares, starting with a $10,000 purchase of NVVE, presented on a split-history-adjusted basis factoring in the complete NVVE split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/04/2020 |
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End date: |
04/17/2024 |
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Start price/share: |
$388.00 |
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End price/share: |
$0.66 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.83% |
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Average Annual Total Return: |
-80.05% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$17.00 |
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Years: |
3.96 |
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Date |
Ratio |
01/22/2024 | 1 for 40 |
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