|
Video: What is a Stock Split?
|
|
Smart Fore Life is a holding company. Through its subsidiaries, Co. is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a range of nutritional and related products with a focus on health and wellness. Co. is developing proprietary products as well as acquiring other companies, encompassing brands, manufacturing and distribution channels. According to our SMFL split history records, Smart For Life has had 4 splits. | |
|
Smart For Life (SMFL) has 4 splits in our SMFL split history database. The first split for SMFL took place on April 24, 2023. This was a 1 for 50 reverse split, meaning for each 50 shares of SMFL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split. SMFL's second split took place on August 02, 2023. This was a 1 for 3 reverse split, meaning for each 3 shares of SMFL owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 6.66666666666667 share position following the split. SMFL's third split took place on October 27, 2023. This was a 1 for 3 reverse split, meaning for each 3 shares of SMFL owned pre-split, the shareholder now owned 1 share. For example, a 6.66666666666667 share position pre-split, became a 2.22222222222222 share position following the split. SMFL's 4th split took place on April 22, 2024. This was a 1 for 7 reverse split, meaning for each 7 shares of SMFL owned pre-split, the shareholder now owned 1 share. For example, a 2.22222222222222 share position pre-split, became a 0.317460317460317 share position following the split.
When a company such as Smart For Life 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 SMFL split history from start to finish, an original position size of 1000 shares would have turned into 0.317460317460317 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Smart For Life shares, starting with a $10,000 purchase of SMFL, presented on a split-history-adjusted basis factoring in the complete SMFL split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
02/17/2022 |
|
End date: |
04/26/2024 |
|
Start price/share: |
$5,796.00 |
|
End price/share: |
$4.05 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.93% |
|
Average Annual Total Return: |
-96.40% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$6.98 |
|
Years: |
2.19 |
|
|
|
Date |
Ratio |
04/24/2023 | 1 for 50 | 08/02/2023 | 1 for 3 | 10/27/2023 | 1 for 3 | 04/22/2024 | 1 for 7 |
|
|