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Video: What is a Stock Split?
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Auddia is a technology company that is developing a proprietary AI platform for audio and various technologies for podcasts. Co.'s two apps are Faidr and Vodacast. The Faidr App is Co.'s primary product. A Faidr subscriber will select a specific streaming radio station to record and be able to listen to the recording of that station in a customized manner. Vodacast is an interactive podcasting platform (the Vodacast App). Podcast listeners will be able to see video and other digital content that correlates with the podcast audio and is presented to the listener as a digital feed within the Vodacast App. All content presented in the digital feed can be synched to the podcast audio content. According to our Auddia stock split history records, Auddia has had 1 split. | |
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Auddia (AUUD) has 1 split in our Auddia stock split history database. The split for AUUD took place on February 27, 2024. This was a 1 for 25 reverse split, meaning for each 25 shares of AUUD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.
When a company such as Auddia 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 Auddia stock split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Auddia shares, starting with a $10,000 purchase of AUUD, presented on a split-history-adjusted basis factoring in the complete Auddia stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/18/2021 |
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End date: |
04/18/2024 |
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Start price/share: |
$74.75 |
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End price/share: |
$2.22 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.03% |
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Average Annual Total Return: |
-67.12% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$296.97 |
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Years: |
3.16 |
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Date |
Ratio |
02/27/2024 | 1 for 25 |
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