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Video: What is a Stock Split?
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NextPlay Technologies is building a technology solutions company, providing games, in-game advertising, digital asset products and services, connected TV and travel booking services. Co.'s divisions are: NextMedia, which provides a gaming monetization platform that can be deployed at the Business-to-Business or Business-to-Consumer level by targeting game developers, game publishers and Telco operators; NextFinTech, which is developing a digital financial platform providing mobile banking, investments into alternative assets, and insurance, to businesses and individuals, subject to regulatory approval; and NextTrip, which provides booking solutions for both business and leisure. According to our NXTP split history records, NXTP has had 1 split. | |
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NXTP (NXTP) has 1 split in our NXTP split history database. The split for NXTP took place on January 06, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of NXTP 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.
When a company such as NXTP 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 NXTP split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NXTP shares, starting with a $10,000 purchase of NXTP, presented on a split-history-adjusted basis factoring in the complete NXTP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/02/2015 |
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End date: |
04/15/2024 |
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Start price/share: |
$150.00 |
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End price/share: |
$0.46 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.69% |
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Average Annual Total Return: |
-48.21% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$30.69 |
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Years: |
8.79 |
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Date |
Ratio |
01/06/2023 | 1 for 20 |
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