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 Video: What is a Stock Split?
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| Neovasc is a medical device company that develops, manufactures and markets products for the cardiovascular marketplace. Its products include Neovasc Reducer™, which is a treatment for patients with refractory angina, a condition that occurs when the coronary vasculature delivers an inadequate supply of blood to the heart muscle, despite treatment with standard revascularization or cardiac drug therapies; and Tiara™, which is a product for treating mitral valve disease. According to our NVCN stock split history records, NVCN has had 3 splits. | |
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NVCN (NVCN) has 3 splits in our NVCN stock split history database. The first split for NVCN took place on September 21, 2018. This was a 1 for 100 reverse split, meaning for each 100 shares of NVCN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split. NVCN's second split took place on July 02, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of NVCN owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 1 share position following the split. NVCN's third split took place on April 29, 2022. This was a 1 for 25 reverse split, meaning for each 25 shares of NVCN owned pre-split, the shareholder now owned 1 share. For example, a 1 share position pre-split, became a 0.04 share position following the split.
When a company such as NVCN 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 NVCN stock split history from start to finish, an original position size of 1000 shares would have turned into 0.04 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NVCN shares, starting with a $10,000 purchase of NVCN, presented on a split-history-adjusted basis factoring in the complete NVCN stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/11/2023 |
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| Start price/share: |
$152,750.00 |
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| End price/share: |
$30.03 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.98% |
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| Average Annual Total Return: |
-61.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1.97 |
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| Years: |
8.98 |
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| Date |
Ratio |
| 09/21/2018 | 1 for 100 | | 07/02/2019 | 1 for 10 | | 04/29/2022 | 1 for 25 |
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