|
Video: What is a Stock Split?
|
|
NXU is a vertically integrated, mobility technology company developing products that will power work. Co. is working toward production of an electric vehicle technology platform work trucks for individual and fleet use in agriculture, service, utility, and construction industries, amongst others. To meet the towing and payload capabilities of diesel-powered vehicles, Co. has developed proprietary battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric vehicle. According to our NXU split history records, NXU has had 1 split. | |
|
NXU (NXU) has 1 split in our NXU split history database. The split for NXU took place on December 27, 2023. This was a 1 for 150 reverse split, meaning for each 150 shares of NXU owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 6.66666666666667 share position following the split.
When a company such as NXU 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 NXU split history from start to finish, an original position size of 1000 shares would have turned into 6.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NXU shares, starting with a $10,000 purchase of NXU, presented on a split-history-adjusted basis factoring in the complete NXU split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
09/29/2022 |
|
End date: |
04/30/2024 |
|
Start price/share: |
$5,092.50 |
|
End price/share: |
$0.52 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.99% |
|
Average Annual Total Return: |
-99.69% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1.05 |
|
Years: |
1.59 |
|
|
|
Date |
Ratio |
12/27/2023 | 1 for 150 |
|
|