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Video: What is a Stock Split?
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Venus Concept is a global medical technology company that develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies. Co.'s products include: Venus Legacy, in which the Venus Legacy BX is a noninvasive device intended for use in dermatological and general surgical procedures for females for the noninvasive treatment of moderate to severe facial wrinkles and rhytides in Fitzpatrick Skin Types I-IV; Venus Versa, in which the Venus Versa system is a multi-application device intended for use in aesthetic and cosmetic procedures; and Venus Glow, in which Venus Glow is a motorized dermabrasion device. According to our VERO split history records, Venus Concept has had 2 splits. | |
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Venus Concept (VERO) has 2 splits in our VERO split history database. The first split for VERO took place on November 08, 2019. This was a 1 for 15 reverse split, meaning for each 15 shares of VERO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. VERO's second split took place on May 12, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of VERO owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 4.44444444444444 share position following the split.
When a company such as Venus Concept 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 VERO split history from start to finish, an original position size of 1000 shares would have turned into 4.44444444444444 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Venus Concept shares, starting with a $10,000 purchase of VERO, presented on a split-history-adjusted basis factoring in the complete VERO split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/13/2017 |
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End date: |
04/25/2024 |
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Start price/share: |
$2,160.00 |
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End price/share: |
$0.77 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.96% |
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Average Annual Total Return: |
-70.32% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3.56 |
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Years: |
6.54 |
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Date |
Ratio |
11/08/2019 | 1 for 15 | 05/12/2023 | 1 for 15 |
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