|
Video: What is a Stock Split?
|
|
Faraday Future Intelligent Electric is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses. Co.'s target companies will range from real estate service companies (property management companies, real estate service providers, mortgage brokerage companies, real estate investments sales companies and title agencies) to PropTech companies (software, hardware, products, operations or services). According to our Faraday Future Intelligent Electric stock split history records, Faraday Future Intelligent Electric has had 2 splits. | |
|
Faraday Future Intelligent Electric (FFIE) has 2 splits in our Faraday Future Intelligent Electric stock split history database. The first split for FFIE took place on August 28, 2023. This was a 1 for 80 reverse split, meaning for each 80 shares of FFIE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 12.5 share position following the split. FFIE's second split took place on March 01, 2024. This was a 1 for 3 reverse split, meaning for each 3 shares of FFIE owned pre-split, the shareholder now owned 1 share. For example, a 12.5 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as Faraday Future Intelligent Electric 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 Faraday Future Intelligent Electric 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 Faraday Future Intelligent Electric shares, starting with a $10,000 purchase of FFIE, presented on a split-history-adjusted basis factoring in the complete Faraday Future Intelligent Electric stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
09/03/2020 |
|
End date: |
05/03/2024 |
|
Start price/share: |
$2,325.60 |
|
End price/share: |
$0.04 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-100.00% |
|
Average Annual Total Return: |
-94.95% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$0.18 |
|
Years: |
3.67 |
|
|
|
Date |
Ratio |
08/28/2023 | 1 for 80 | 03/01/2024 | 1 for 3 |
|
|