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Video: What is a Stock Split?
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Phunware and its subsidiaries provides an integrated software platform. Co.'s Multiscreen-as-a-Service (MaaS) platform provides the mobile lifecycle of applications and media in one login through one procurement relationship. Co.'s MaaS technology is available in software development kit form for organizations developing their own application, via customized development services and prepackaged solutions. Through its integrated mobile advertising platform of publishers and advertisers, Co. provides in-app application transactions for mobile audience building, user acquisition, application discovery, audience engagement and audience monetization. According to our Phunware stock split history records, Phunware has had 1 split. | |
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Phunware (PHUN) has 1 split in our Phunware stock split history database. The split for PHUN took place on February 27, 2024. This was a 1 for 50 reverse split, meaning for each 50 shares of PHUN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as Phunware 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 Phunware stock split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Phunware shares, starting with a $10,000 purchase of PHUN, presented on a split-history-adjusted basis factoring in the complete Phunware stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/09/2016 |
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End date: |
04/17/2024 |
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Start price/share: |
$495.00 |
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End price/share: |
$6.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.79% |
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Average Annual Total Return: |
-44.75% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$121.16 |
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Years: |
7.44 |
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Date |
Ratio |
02/27/2024 | 1 for 50 |
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