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Video: What is a Stock Split?
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Canoo is a mobility technology company. Co.'s platform architecture is a self-contained, fully functional rolling chassis that directly houses the components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, vehicle control electronics and software and other components, which all have been optimized for functional integration. In addition to its vehicle technology, Co. is developing a software platform that aggregates car data from both Canoo and non-Canoo vehicles and delivers insights to its customers. According to our Canoo stock split history records, Canoo has had 1 split. | |
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Canoo (GOEV) has 1 split in our Canoo stock split history database. The split for GOEV took place on March 08, 2024. This was a 1 for 23 reverse split, meaning for each 23 shares of GOEV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 43.4782608695652 share position following the split.
When a company such as Canoo 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 Canoo stock split history from start to finish, an original position size of 1000 shares would have turned into 43.4782608695652 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Canoo shares, starting with a $10,000 purchase of GOEV, presented on a split-history-adjusted basis factoring in the complete Canoo stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/16/2019 |
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End date: |
03/27/2024 |
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Start price/share: |
$226.32 |
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End price/share: |
$3.25 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.56% |
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Average Annual Total Return: |
-57.56% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$143.63 |
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Years: |
4.95 |
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Date |
Ratio |
03/08/2024 | 1 for 23 |
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