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Video: What is a Stock Split?
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Agrify is a developer of proprietary hardware and software cultivation and extraction solutions for the cannabis and hemp industry. The two products Co. sells are the Agrify Vertical Farming Unit (VFU) and Agrify Insights Software-as-a-Service (SaaS) software. Co.'s VFU technology is a product that provides a modular, compartmentalized micro-climate growing system for indoor vertical farming. Co.'s Agrify Insights software is cloud-based SaaS that interfaces with a microservices middleware and relational database that integrates with its hardware and provides real-time control and monitoring of facilities, growing conditions, and insights into both production and profit optimization. According to our Agrify stock split history records, Agrify has had 2 splits. | |
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Agrify (AGFY) has 2 splits in our Agrify stock split history database. The first split for AGFY took place on October 18, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of AGFY 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. AGFY's second split took place on July 05, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of AGFY owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 5 share position following the split.
When a company such as Agrify 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 Agrify stock split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Agrify shares, starting with a $10,000 purchase of AGFY, presented on a split-history-adjusted basis factoring in the complete Agrify stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/29/2021 |
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End date: |
04/18/2024 |
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Start price/share: |
$2,280.00 |
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End price/share: |
$0.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.99% |
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Average Annual Total Return: |
-93.81% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1.30 |
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Years: |
3.22 |
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Date |
Ratio |
10/18/2022 | 1 for 10 | 07/05/2023 | 1 for 20 |
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