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Video: What is a Stock Split?
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Nutex Health is a physician-led, healthcare services and operations company with hospital facilities in several states (hospital division), and a primary population health management division. Co.'s hospital division implements and operates several health care models, including micro-hospitals, specialty hospitals and hospital outpatient departments. The population health management division owns and operates provider networks such as independent physician associations (IPAs) and provides a cloud-based proprietary technology platform to IPAs which aggregates clinical and claims data across multiple settings, information systems and sources to create view of patients and providers. According to our Nutex Health stock split history records, Nutex Health has had 1 split. | |
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Nutex Health (NUTX) has 1 split in our Nutex Health stock split history database. The split for NUTX took place on April 10, 2024. This was a 1 for 15 reverse split, meaning for each 15 shares of NUTX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Nutex Health 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 Nutex Health stock split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nutex Health shares, starting with a $10,000 purchase of NUTX, presented on a split-history-adjusted basis factoring in the complete Nutex Health stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/05/2022 |
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End date: |
05/01/2024 |
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Start price/share: |
$399.60 |
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End price/share: |
$0.61 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.85% |
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Average Annual Total Return: |
-95.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15.15 |
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Years: |
2.07 |
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Date |
Ratio |
04/10/2024 | 1 for 15 |
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