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Video: What is a Stock Split?
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Sidus Space is a space-as-a-service company focused on commercial satellite design, manufacture, launch, and data collection to demonstrate space operations for new technologies and deliver data and predictive analytics to both domestic and global customers. Co.'s services include multidisciplinary design engineering, precision Computer Numerical Control machining and fabrication, Swiss screw machining, welding and fabrication, electrical and electronic assemblies, wire cable harness fabrication, 3D composite and metal printing, satellite manufacturing, satellite payload integration and operations support, satellite deployment and microgravity testing and research. According to our Sidus Space stock split history records, Sidus Space has had 1 split. | |
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Sidus Space (SIDU) has 1 split in our Sidus Space stock split history database. The split for SIDU took place on December 20, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of SIDU 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.
When a company such as Sidus Space 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 Sidus Space stock split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sidus Space shares, starting with a $10,000 purchase of SIDU, presented on a split-history-adjusted basis factoring in the complete Sidus Space stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/15/2021 |
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End date: |
05/02/2024 |
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Start price/share: |
$1,186.00 |
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End price/share: |
$3.35 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.72% |
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Average Annual Total Return: |
-91.53% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$28.21 |
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Years: |
2.38 |
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Date |
Ratio |
12/20/2023 | 1 for 100 |
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