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Video: What is a Stock Split?
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Franklin Wireless is a provider of integrated wireless solutions including mobile hotspots, routers, fixed wireless routers, and various trackers. Co.'s integrated software subscription services provide users remote capabilities including mobile device management and software defined wide area networking. Co.'s subsidiary, Franklin Technology Inc., primarily provides design and development services for its wireless products. Co.'s products include: fifth generation and fourth generation wireless broadband products; Internet of Things (IoT) tracking devices and connected devices; and IoT server platform and application. According to our Franklin Wireless stock split history records, Franklin Wireless has had 1 split. | |
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Franklin Wireless (FKWL) has 1 split in our Franklin Wireless stock split history database. The split for FKWL took place on January 22, 2008. This was a 1 for 70 reverse split, meaning for each 70 shares of FKWL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 14.2857142857143 share position following the split.
When a company such as Franklin Wireless 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 Franklin Wireless stock split history from start to finish, an original position size of 1000 shares would have turned into 14.2857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Franklin Wireless shares, starting with a $10,000 purchase of FKWL, presented on a split-history-adjusted basis factoring in the complete Franklin Wireless stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$2.00 |
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End price/share: |
$2.94 |
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Dividends collected/share: |
$0.00 |
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Total return: |
47.00% |
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Average Annual Total Return: |
3.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,701.56 |
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Years: |
10.00 |
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Date |
Ratio |
01/22/2008 | 1 for 70 |
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