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Video: What is a Stock Split?
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Foresight Autonomous Holdings designs and produces autonomous systems for vehicles, including crash prevention technology. According to our Foresight Autonomous Holdings stock split history records, Foresight Autonomous Holdings has had 1 split. | |
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Foresight Autonomous Holdings (FRSX) has 1 split in our Foresight Autonomous Holdings stock split history database. The split for FRSX took place on April 21, 2023. This was a 1 for 6 reverse split, meaning for each 6 shares of FRSX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as Foresight Autonomous 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 Foresight Autonomous Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Foresight Autonomous Holdings shares, starting with a $10,000 purchase of FRSX, presented on a split-history-adjusted basis factoring in the complete Foresight Autonomous Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/16/2017 |
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End date: |
03/27/2024 |
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Start price/share: |
$66.00 |
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End price/share: |
$1.08 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.36% |
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Average Annual Total Return: |
-45.46% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$163.68 |
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Years: |
6.78 |
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Date |
Ratio |
04/21/2023 | 1 for 6 |
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