|
Video: What is a Stock Split?
|
|
Singularity Future Technology is a non-asset based global shipping and freight logistics integrated solution provider. Co.'s operating segments include: shipping agency and management services, which are operated by its subsidiary in Hong Kong and the U.S.; inland transportation management services, which are operated by its subsidiaries in the U.S.; freight logistics services, which are operated by its subsidiaries in the People's Republic of China (the PRC) and the U.S.; and container trucking services, which are operated by its subsidiaries in the PRC and the U.S. Co. conducts its business primarily through its wholly-owned subsidiaries in the PRC (including Hong Kong) and the U.S. According to our SGLY split history records, Singularity Future Technology has had 1 split. | |
|
Singularity Future Technology (SGLY) has 1 split in our SGLY split history database. The split for SGLY took place on February 12, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of SGLY 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 Singularity Future Technology 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 SGLY 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 Singularity Future Technology shares, starting with a $10,000 purchase of SGLY, presented on a split-history-adjusted basis factoring in the complete SGLY split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
05/01/2014 |
|
End date: |
04/29/2024 |
|
Start price/share: |
$25.60 |
|
End price/share: |
$4.67 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-81.76% |
|
Average Annual Total Return: |
-15.64% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1,824.58 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
02/12/2024 | 1 for 10 |
|
|