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Video: What is a Stock Split?
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Surgalign Holdings is a global medical technology company focused on improving the standard of care by driving the evolution of digital health. Co. operates one reportable segment: Spine. Co. has a portfolio of spinal hardware implants, including solutions for fusion procedures in the lumbar, thoracic, and cervical spine, motion preservation solutions for the lumbar spine, and a minimally invasive surgical implant system for fusion of the sacroiliac joint. Co.'s spine implants portfolio includes spinal fusion devices. Co.'s portfolio of biomaterials includes products ranging from tissue-based solutions to synthetic bone graft substitutes for a range of surgical applications. According to our SRGA stock split history records, SRGA has had 1 split. | |
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SRGA (SRGA) has 1 split in our SRGA stock split history database. The split for SRGA took place on May 17, 2022. This was a 1 for 30 reverse split, meaning for each 30 shares of SRGA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as SRGA 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 SRGA stock split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SRGA shares, starting with a $10,000 purchase of SRGA, presented on a split-history-adjusted basis factoring in the complete SRGA stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
06/30/2023 |
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Start price/share: |
$123.00 |
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End price/share: |
$0.18 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.85% |
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Average Annual Total Return: |
-50.89% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14.64 |
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Years: |
9.18 |
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Date |
Ratio |
05/17/2022 | 1 for 30 |
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