|
Video: What is a Stock Split?
|
|
SCWorx is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. Co. has developed and markets health care information technology solutions and associated services that improve healthcare processes and information flow within hospitals and other healthcare facilities. Co.'s software enables a healthcare provider to organize its data (data normalization), allows the data to be utilized across various internal software applications (interoperability) and provides the basis for sophisticated data analytics (big data). According to our WORX split history records, SCWorx has had 2 splits. | |
|
SCWorx (WORX) has 2 splits in our WORX split history database. The first split for WORX took place on February 04, 2019. This was a 1 for 19 reverse split, meaning for each 19 shares of WORX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 52.6315789473684 share position following the split. WORX's second split took place on October 11, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of WORX owned pre-split, the shareholder now owned 1 share. For example, a 52.6315789473684 share position pre-split, became a 3.50877192982456 share position following the split.
When a company such as SCWorx 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 WORX split history from start to finish, an original position size of 1000 shares would have turned into 3.50877192982456 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SCWorx shares, starting with a $10,000 purchase of WORX, presented on a split-history-adjusted basis factoring in the complete WORX split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
10/07/2016 |
|
End date: |
04/25/2024 |
|
Start price/share: |
$1,325.25 |
|
End price/share: |
$2.76 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.79% |
|
Average Annual Total Return: |
-55.84% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$20.83 |
|
Years: |
7.55 |
|
|
|
Date |
Ratio |
02/04/2019 | 1 for 19 | 10/11/2023 | 1 for 15 |
|
|