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Video: What is a Stock Split?
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Addex Therapeutics Ltd is a discovery based pharmaceutical group focused on discovery, development and commercialization of small-molecule pharmaceutical products for the treatment of human health. According to our Addex Therapeutics stock split history records, Addex Therapeutics has had 1 split. | |
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Addex Therapeutics (ADXN) has 1 split in our Addex Therapeutics stock split history database. The split for ADXN took place on October 23, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of ADXN 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.
When a company such as Addex Therapeutics 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 Addex Therapeutics stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Addex Therapeutics shares, starting with a $10,000 purchase of ADXN, presented on a split-history-adjusted basis factoring in the complete Addex Therapeutics stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/13/2020 |
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End date: |
04/26/2024 |
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Start price/share: |
$226.00 |
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End price/share: |
$16.10 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-92.88% |
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Average Annual Total Return: |
-46.69% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$712.19 |
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Years: |
4.20 |
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Date |
Ratio |
10/23/2023 | 1 for 20 |
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