|
Video: What is a Stock Split?
|
|
Kaleyra is engaged in providing its customers and business partners with a cloud communications platform (the Platform) that integrates software services and applications for business-to-consumer communications. Co. operates the Platform, in the public cloud and as private clouds, and in hybrid situations. The Platform has an infrastructure that has been designed to scale and support data. The Platform consists of two separate types of interfaces; one for connectivity to mobile network operators and the other, a set of Application Programming Interfaces that provide tools that enable Co.'s customers to engage in communications with their end-user customers. According to our KLR stock split history records, KLR has had 1 split. | |
|
KLR (KLR) has 1 split in our KLR stock split history database. The split for KLR took place on March 09, 2023. This was a 285 for 1000 reverse split, meaning for each 1000 shares of KLR owned pre-split, the shareholder now owned 285 shares. For example, a 1000 share position pre-split, became a 285 share position following the split.
When a company such as KLR 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 KLR stock split history from start to finish, an original position size of 1000 shares would have turned into 285 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KLR shares, starting with a $10,000 purchase of KLR, presented on a split-history-adjusted basis factoring in the complete KLR stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
01/17/2018 |
|
End date: |
10/04/2023 |
|
Start price/share: |
$33.82 |
|
End price/share: |
$7.24 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-78.59% |
|
Average Annual Total Return: |
-23.65% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$2,140.75 |
|
Years: |
5.71 |
|
|
|
Date |
Ratio |
03/09/2023 | 285 for 1000 |
|
|