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Video: What is a Stock Split?
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AuthID is a provider of identity verification and electronic transaction authentication services. Co. has developed an Identity as a Service platform for its customers, be they businesses, residences, governments, or other organizations, to enable their users to verify and authenticate their identity through a mobile phone or portable device of their choosing. Co.'s system enables participants to consent to transactions using their biometric information with a digitally signed authentication response, including the underlying transaction data. Proof, Co.'s mobile identity onboarding and verification application, establishes the identity of users based on a variety of ground truth sources. According to our authID stock split history records, authID has had 1 split. | |
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authID (AUID) has 1 split in our authID stock split history database. The split for AUID took place on July 10, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of AUID owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as authID 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 authID stock split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into authID shares, starting with a $10,000 purchase of AUID, presented on a split-history-adjusted basis factoring in the complete authID stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/15/2021 |
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End date: |
04/23/2024 |
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Start price/share: |
$72.00 |
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End price/share: |
$7.16 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-90.06% |
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Average Annual Total Return: |
-55.41% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$994.68 |
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Years: |
2.86 |
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Date |
Ratio |
07/10/2023 | 1 for 8 |
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