|
Video: What is a Stock Split?
|
|
WaveDancer is engaged in the business of developing and maintaining information technology systems, modernizing client information systems, and performing services to government and commercial organizations. Co. performs software development and conversion projects for commercial and government customers including, but not limited to the Department of Agriculture, Department of Defense, and Department of Education. Co. primarily applies its technology, services and experience to developing web-based and mobile device solutions (including electronic forms conversions) for various agencies of the federal government, data analytics, and legacy software migration and modernization. According to our WAVD split history records, WaveDancer has had 1 split. | |
|
WaveDancer (WAVD) has 1 split in our WAVD split history database. The split for WAVD took place on October 18, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of WAVD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as WaveDancer 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 WAVD split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WaveDancer shares, starting with a $10,000 purchase of WAVD, presented on a split-history-adjusted basis factoring in the complete WAVD split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/29/2014 |
|
End date: |
04/26/2024 |
|
Start price/share: |
$2.80 |
|
End price/share: |
$2.30 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-17.86% |
|
Average Annual Total Return: |
-1.95% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$8,212.51 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
10/18/2023 | 1 for 10 |
|
|