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Video: What is a Stock Split?
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EBET operates platforms to provide a real money online gambling experience focused on i-gaming including casino, sportsbook and esports events. Co. operates under a Curacao gaming sublicense and under a partnership with Aspire Global plc allowing it to provide online betting services to various countries around the world. Co. operates various online wagering brands, via websites and mobile apps, where it accepts deposits and funds from its customers and provides its customers the ability to use those funds to wager on slot and table games, live casino games as well as virtual sport computer simulated games and sportsbetting. According to our EBET stock split history records, EBET has had 1 split. | |
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EBET (EBET) has 1 split in our EBET stock split history database. The split for EBET took place on October 02, 2023. This was a 1 for 30 reverse split, meaning for each 30 shares of EBET owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as EBET 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 EBET stock split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EBET shares, starting with a $10,000 purchase of EBET, presented on a split-history-adjusted basis factoring in the complete EBET stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/16/2021 |
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End date: |
05/01/2024 |
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Start price/share: |
$760.50 |
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End price/share: |
$0.26 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.97% |
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Average Annual Total Return: |
-92.73% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3.43 |
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Years: |
3.04 |
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Date |
Ratio |
10/02/2023 | 1 for 30 |
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