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Video: What is a Stock Split?
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Inpixon is the Indoor Intelligence company. Co. has three segments: Indoor Intelligence, which provides industrial real-time location systems SaaS platform, video interation, analytics and insights, augmented reality and 3D, wireless device detection for security and enterprise apps; Shoom, which provides digital solutions or cloud-based applications and analytics for the media and publishing industry, including eTearsheets and eInvoice; and SAVES, which provides a set of data analytics and statistical visualization software solutions for engineers and scientists, including SigmaPlot, SigmaStat, SYSTAT, PeakFit, TableCurve 2D, TableCurve 3D, SigmaScan and MYSTAT. According to our XTIA split history records, XTI Aerospace has had 1 split. | |
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XTI Aerospace (XTIA) has 1 split in our XTIA split history database. The split for XTIA took place on March 13, 2024. This was a 1 for 100 reverse split, meaning for each 100 shares of XTIA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split.
When a company such as XTI Aerospace 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 XTIA split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into XTI Aerospace shares, starting with a $10,000 purchase of XTIA, presented on a split-history-adjusted basis factoring in the complete XTIA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/30/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$531.00 |
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End price/share: |
$2.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.53% |
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Average Annual Total Return: |
-41.49% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$47.09 |
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Years: |
10.00 |
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Date |
Ratio |
03/13/2024 | 1 for 100 |
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