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Video: What is a Stock Split?
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Astra Space is a newly-organized blank check whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Co.'s primary focus is to execute an initial business combination within the Telecommunications, Media & Technology (TMT) industry in the United States and other developed countries. According to our Astra Space Inc - Class A stock split history records, Astra Space Inc - Class A has had 1 split. | |
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Astra Space Inc - Class A (ASTR) has 1 split in our Astra Space Inc - Class A stock split history database. The split for ASTR took place on September 14, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of ASTR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Astra Space Inc - Class A 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 Astra Space Inc - Class A stock split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Astra Space Inc - Class A shares, starting with a $10,000 purchase of ASTR, presented on a split-history-adjusted basis factoring in the complete Astra Space Inc - Class A stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/08/2020 |
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End date: |
04/23/2024 |
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Start price/share: |
$148.50 |
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End price/share: |
$0.62 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.58% |
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Average Annual Total Return: |
-78.69% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$41.83 |
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Years: |
3.54 |
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Date |
Ratio |
09/14/2023 | 1 for 15 |
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