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Video: What is a Stock Split?
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SiNtx Technologies is a ceramics company focused on providing solutions in biomedical, technical, and antipathogenic applications. Co. produces silicon nitride for use in its commercial products and product candidates in various forms, which include: Solid Silicon Nitride, which can be used for devices that require high strength, toughness, fracture resistance and low wear; Porous Silicon Nitride, which is engineered to mimic cancellous bone, the spongy bone tissue that typically makes up the interior of human bones; Silicon Nitride Powder, which is utilized to produce composites or coatings; and Silicon Nitride Coating, which can be applied as an adherent coating to metallic substrates. According to our SINT split history records, SiNtx Technologies has had 2 splits. | |
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SiNtx Technologies (SINT) has 2 splits in our SINT split history database. The first split for SINT took place on July 29, 2019. This was a 1 for 30 reverse split, meaning for each 30 shares of SINT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split. SINT's second split took place on December 20, 2022. This was a 1 for 100 reverse split, meaning for each 100 shares of SINT owned pre-split, the shareholder now owned 1 share. For example, a 33.3333333333333 share position pre-split, became a 0.333333333333333 share position following the split.
When a company such as SiNtx Technologies 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 SINT split history from start to finish, an original position size of 1000 shares would have turned into 0.333333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SiNtx Technologies shares, starting with a $10,000 purchase of SINT, presented on a split-history-adjusted basis factoring in the complete SINT split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$19,920.00 |
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End price/share: |
$0.04 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-100.00% |
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Average Annual Total Return: |
-73.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.02 |
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Years: |
10.00 |
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Date |
Ratio |
07/29/2019 | 1 for 30 | 12/20/2022 | 1 for 100 |
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