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Video: What is a Stock Split?
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Ebang International Holdings is a holding company. Through its subsidiaries, Co. is engaged in manufacturing Bitcoin mining machines and telecommunication products. Co.'s blockchain products business is comprised of Bitcoin mining machine sales and mining machine hosting services. Co.'s technology and personnel in ASIC applications is dedicated to its blockchain products business, which consists of the design, development, production and sales of its ASIC-based Bitcoin mining machines under the Ebit brand. Co.'s communications network devices mainly focus on the access layer, which is the entry point for providing access to the telecommunications network for end users. According to our Ebang International Holdings stock split history records, Ebang International Holdings has had 1 split. | |
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Ebang International Holdings (EBON) has 1 split in our Ebang International Holdings stock split history database. The split for EBON took place on November 22, 2022. This was a 1 for 30 reverse split, meaning for each 30 shares of EBON 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 Ebang International Holdings 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 Ebang International Holdings 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 Ebang International Holdings shares, starting with a $10,000 purchase of EBON, presented on a split-history-adjusted basis factoring in the complete Ebang International Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/29/2020 |
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End date: |
05/02/2024 |
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Start price/share: |
$135.00 |
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End price/share: |
$7.76 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-94.25% |
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Average Annual Total Return: |
-52.44% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$574.61 |
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Years: |
3.84 |
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Date |
Ratio |
11/22/2022 | 1 for 30 |
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