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Video: What is a Stock Split?
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Ensysce Biosciences is a blank check company. According to our Ensysce Biosciences stock split history records, Ensysce Biosciences has had 2 splits. | |
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Ensysce Biosciences (ENSC) has 2 splits in our Ensysce Biosciences stock split history database. The first split for ENSC took place on October 28, 2022. This was a 1 for 20 reverse split, meaning for each 20 shares of ENSC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. ENSC's second split took place on March 31, 2023. This was a 1 for 12 reverse split, meaning for each 12 shares of ENSC owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as Ensysce Biosciences 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 Ensysce Biosciences 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 Ensysce Biosciences shares, starting with a $10,000 purchase of ENSC, presented on a split-history-adjusted basis factoring in the complete Ensysce Biosciences stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/15/2018 |
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End date: |
05/03/2024 |
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Start price/share: |
$2,292.00 |
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End price/share: |
$0.56 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.98% |
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Average Annual Total Return: |
-74.19% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2.45 |
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Years: |
6.14 |
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Date |
Ratio |
10/28/2022 | 1 for 20 | 03/31/2023 | 1 for 12 |
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