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Video: What is a Stock Split?
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WiSA Technologies is a technology company. Co. sells modules which wirelessly transmit and receive audio directly to speakers. Co. has designed wireless modules that provide wireless audio for its customers to integrate into their products, such as a speaker, television (TV), media hubs and Universal Serial Bus or HDMI dongles. These modules include Co.'s custom semiconductors with its intellectual property built in as well as a Wi-Fi radio for communications. Co. provides both a TX module to transmit the audio from a host device like a media hub, TV or dongle to WiSA-enabled speakers and an RX model for speakers that receive the wireless audio signal and processes it for audio play out. According to our WISA split history records, WiSA Technologies has had 3 splits. | |
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WiSA Technologies (WISA) has 3 splits in our WISA split history database. The first split for WISA took place on April 09, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of WISA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. WISA's second split took place on January 27, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of WISA owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 0.5 share position following the split. WISA's third split took place on April 15, 2024. This was a 1 for 150 reverse split, meaning for each 150 shares of WISA owned pre-split, the shareholder now owned 1 share. For example, a 0.5 share position pre-split, became a 0.00333333333333333 share position following the split.
When a company such as WiSA Technologies 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 WISA split history from start to finish, an original position size of 1000 shares would have turned into 0.00333333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WiSA Technologies shares, starting with a $10,000 purchase of WISA, presented on a split-history-adjusted basis factoring in the complete WISA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/30/2018 |
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End date: |
04/19/2024 |
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Start price/share: |
$1,323,000.00 |
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End price/share: |
$6.06 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-100.00% |
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Average Annual Total Return: |
-88.32% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.05 |
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Years: |
5.73 |
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Date |
Ratio |
04/09/2020 | 1 for 20 | 01/27/2023 | 1 for 100 | 04/15/2024 | 1 for 150 |
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