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 Video: What is a Stock Split?
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| Check-Cap is a clinical stage medical diagnostics company. Co. has introduced the C-Scan® test designed to detect polyps before they transform into cancer. The disruptive capsule-based screening technology utilizes ultra-low-dose X-rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities. Co.'s C-Scan system is comprised of three main components: C-Scan Cap, an ingestible X-ray scanning capsule; C-Scan Track, three miniaturized patches worn on the patient's back for integrated positioning, control and data recording; and C-Scan View, a proprietary software to process and represent 2D and 3D maps of the inner surface of the colon. According to our Check-Cap stock split history records, Check-Cap has had 2 splits. | |
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Check-Cap (CHEK) has 2 splits in our Check-Cap stock split history database. The first split for CHEK took place on April 04, 2018. This was a 1 for 12 reverse split, meaning for each 12 shares of CHEK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split. CHEK's second split took place on November 25, 2022. This was a 1 for 20 reverse split, meaning for each 20 shares of CHEK owned pre-split, the shareholder now owned 1 share. For example, a 83.3333333333333 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as Check-Cap 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 Check-Cap stock split history from start to finish, an original position size of 1000 shares would have turned into 4.16666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Check-Cap shares, starting with a $10,000 purchase of CHEK, presented on a split-history-adjusted basis factoring in the complete Check-Cap stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/05/2015 |
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| End date: |
04/25/2024 |
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| Start price/share: |
$1,476.00 |
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| End price/share: |
$2.27 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.85% |
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| Average Annual Total Return: |
-50.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15.38 |
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| Years: |
9.15 |
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| Date |
Ratio |
| 04/04/2018 | 1 for 12 | | 11/25/2022 | 1 for 20 |
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