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Video: What is a Stock Split?
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Sonim Technologies is a provider of rugged mobile phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. Co. sells its ruggedized mobile phones and accessories to three wireless carriers in the United States including AT&T, Sprint and Verizon, as well as three wireless carriers in Canada including Bell, Rogers and Telus Mobility. Co.'s phones and accessories connect workers with voice, data and workflow applications in two end markets: industrial enterprise and public sector. Co.'s solutions consist primarily of mobile phones based on the Android platform. According to our Sonim Technologies stock split history records, Sonim Technologies has had 1 split. | |
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Sonim Technologies (SONM) has 1 split in our Sonim Technologies stock split history database. The split for SONM took place on September 16, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of SONM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Sonim Technologies 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 Sonim Technologies stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sonim Technologies shares, starting with a $10,000 purchase of SONM, presented on a split-history-adjusted basis factoring in the complete Sonim Technologies stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/13/2019 |
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End date: |
04/18/2024 |
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Start price/share: |
$110.20 |
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End price/share: |
$0.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.54% |
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Average Annual Total Return: |
-66.45% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$45.54 |
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Years: |
4.94 |
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Date |
Ratio |
09/16/2021 | 1 for 10 |
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