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Video: What is a Stock Split?
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AYRO designs and manufactures compact, sustainable electric vehicles for closed campus mobility, low speed urban and community transport, local on-demand and last mile delivery and government use. Co.'s vehicles provide the end user an alternative to internal combustion engine vehicles, for light duty uses, including low-speed logistics, maintenance services, cargo services, and personal/group transport in a transport. Co.'s AYRO Club Car 411 and 411x is a family of electric, four-wheel, compact, light-duty utility trucks sold exclusively through its contracted partner, Club Car, as part of a global multi-year sustainability solution development, sales and marketing agreement. According to our AYRO stock split history records, AYRO has had 2 splits. | |
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AYRO (AYRO) has 2 splits in our AYRO stock split history database. The first split for AYRO took place on May 29, 2020. This was a 1 for 5 reverse split, meaning for each 5 shares of AYRO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. AYRO's second split took place on September 18, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of AYRO owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 25 share position following the split.
When a company such as AYRO 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 AYRO stock split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AYRO shares, starting with a $10,000 purchase of AYRO, presented on a split-history-adjusted basis factoring in the complete AYRO stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$42.80 |
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End price/share: |
$1.41 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.71% |
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Average Annual Total Return: |
-28.92% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$329.21 |
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Years: |
10.00 |
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Date |
Ratio |
05/29/2020 | 1 for 5 | 09/18/2023 | 1 for 8 |
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