|
Video: What is a Stock Split?
|
|
SI-BONE is a medical device company. Co. has a proprietary minimally invasive surgical implant system, which it calls iFuse, to address sacroiliac joint dysfunction and degeneration, adult deformity, pelvic ring traumatic fractures. Co.'s iFuse Implant System includes a series of patented triangular implants and the instruments Co. has developed to enable surgeons to perform the procedures using different surgical approaches for different indications. Co. has introduced iFuse-3D, its other implant. This patented titanium implant combines the triangular cross-section of the iFuse Classic implant with the proprietary 3D-printed porous surface and a fenestrated design. According to our SI-BONE stock split history records, SI-BONE has had 1 split. | |
|
SI-BONE (SIBN) has 1 split in our SI-BONE stock split history database. The split for SIBN took place on March 15, 2011. This was a 1 for 70 reverse split, meaning for each 70 shares of SIBN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 14.2857142857143 share position following the split.
When a company such as SI-BONE 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 SI-BONE stock split history from start to finish, an original position size of 1000 shares would have turned into 14.2857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SI-BONE shares, starting with a $10,000 purchase of SIBN, presented on a split-history-adjusted basis factoring in the complete SI-BONE stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
10/17/2018 |
|
End date: |
04/22/2024 |
|
Start price/share: |
$20.06 |
|
End price/share: |
$15.56 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-22.43% |
|
Average Annual Total Return: |
-4.50% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$7,756.44 |
|
Years: |
5.52 |
|
|
|
Date |
Ratio |
03/15/2011 | 1 for 70 |
|
|