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Video: What is a Stock Split?
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Akerna is a provider of enterprise software solutions within the cannabis industry. Co.'s small and medium business products including MJ Platform® and Ample Organics provide software as a service offering for legal cannabis, hemp and Cannabidiol businesses. Co.'s Leaf Data Systems® provides regulatory authorities with visibility into the operations of licensed medical and recreational cannabis businesses. Co.'s data products include: MJ Analytics; and Akerna Acumen Big Data, which both utilize the data captured in each of MJ Platform's cultivation, E&I, distribution, and retail modules; and AmpleData, which utilize data obtained through Canadian regulated retail channels. According to our KERN stock split history records, KERN has had 1 split. | |
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KERN (KERN) has 1 split in our KERN stock split history database. The split for KERN took place on November 08, 2022. This was a 1 for 20 reverse split, meaning for each 20 shares of KERN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as KERN 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 KERN stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KERN shares, starting with a $10,000 purchase of KERN, presented on a split-history-adjusted basis factoring in the complete KERN stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/27/2018 |
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End date: |
02/08/2024 |
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Start price/share: |
$192.40 |
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End price/share: |
$0.31 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.84% |
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Average Annual Total Return: |
-65.99% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16.32 |
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Years: |
5.95 |
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Date |
Ratio |
11/08/2022 | 1 for 20 |
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