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Video: What is a Stock Split?
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Inseego is in the design and development of fixed and mobile wireless solutions (4G and 5G NR), Industrial Internet of Things (IIoT) and cloud solutions for Fortune 500 enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. Co.'s hardware products address multiple vertical markets including private LTE/5G networks, the First Responders Network Authority/Firstnet, SD-WAN, and telematics. Co.'s range of products mainly includes 4G and 5G fixed wireless routers and gateways, mobile hotspots, wireless gateways and routers for IIoT applications, Gigabit speed 4G LTE hotspots and USB modems, telematics and mobile tracking hardware devices. According to our Inseego stock split history records, Inseego has had 1 split. | |
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Inseego (INSG) has 1 split in our Inseego stock split history database. The split for INSG took place on January 24, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of INSG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Inseego 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 Inseego stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Inseego shares, starting with a $10,000 purchase of INSG, presented on a split-history-adjusted basis factoring in the complete Inseego stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$18.60 |
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End price/share: |
$3.05 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-83.60% |
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Average Annual Total Return: |
-16.54% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,638.96 |
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Years: |
10.00 |
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Date |
Ratio |
01/24/2024 | 1 for 10 |
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