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Video: What is a Stock Split?
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SeqLL is a life sciences instrumentation and research services company engaged in the development of scientific assets and intellectual property across multiple omics fields. Co.'s single molecule technology enables researchers to identify and synthesize each deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) strand irrespective of its abundance in the sample and is capable of analyzing molecules in parallel. Co.'s True Single Molecule Sequencing technology platform has assisted medical researchers in uncovering potentially significant DNA and RNA biomarkers for the early detection of diseases. According to our SQL split history records, SQL has had 1 split. | |
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SQL (SQL) has 1 split in our SQL split history database. The split for SQL took place on August 31, 2023. This was a 1 for 40 reverse split, meaning for each 40 shares of SQL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 25 share position following the split.
When a company such as SQL 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 SQL split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SQL shares, starting with a $10,000 purchase of SQL, presented on a split-history-adjusted basis factoring in the complete SQL split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/30/2021 |
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End date: |
11/13/2023 |
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Start price/share: |
$220.40 |
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End price/share: |
$6.60 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.01% |
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Average Annual Total Return: |
-79.62% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$299.55 |
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Years: |
2.21 |
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Date |
Ratio |
08/31/2023 | 1 for 40 |
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