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Video: What is a Stock Split?
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VerifyMe is a technology solutions provider. Co.'s technologies also provide brand protection and supply chain functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products. VerifyMe Engage services provide the ability for the brand owner to gather business intelligence and engage with the consumer using its authentication test as the initial contact with the consumer. VerifyMe Track & Trace supply chain serialization, track and trace technology utilize overt dynamic codes (QR codes or other barcode symbology), such as Co.'s VerifyCode, which is tied to its cloud-based authentication and track and trace system. According to our VRME split history records, VerifyMe has had 1 split. | |
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VerifyMe (VRME) has 1 split in our VRME split history database. The split for VRME took place on June 18, 2020. This was a 1 for 50 reverse split, meaning for each 50 shares of VRME 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.
When a company such as VerifyMe 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 VRME split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VerifyMe shares, starting with a $10,000 purchase of VRME, presented on a split-history-adjusted basis factoring in the complete VRME split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$4.01 |
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End price/share: |
$1.44 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-64.09% |
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Average Annual Total Return: |
-9.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,589.84 |
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Years: |
10.00 |
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Date |
Ratio |
06/18/2020 | 1 for 50 |
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