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Video: What is a Stock Split?
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Siyata Mobile is a global developer of a vehicle mounted, cellular based communications platform over 4G LTE mobile networks under the Uniden® Cellular and Siyata brands. Co.'s commercial vehicle devices are designed for vehicles such as trucks, vans, buses, emergency service vehicles, government cars and more. Co.'s platform is designed to facilitate replacement of the current in vehicle, multi-device status quo with a single device (the Uniden® UV350 4G device) that incorporates voice, Push-to-Talk over Cellular, data fleet management solutions and more. According to our Siyata Mobile stock split history records, Siyata Mobile has had 2 splits. | |
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Siyata Mobile (SYTA) has 2 splits in our Siyata Mobile stock split history database. The first split for SYTA took place on August 09, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of SYTA 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. SYTA's second split took place on December 04, 2023. This was a 1 for 7 reverse split, meaning for each 7 shares of SYTA owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 1.42857142857143 share position following the split.
When a company such as Siyata Mobile 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 Siyata Mobile stock split history from start to finish, an original position size of 1000 shares would have turned into 1.42857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Siyata Mobile shares, starting with a $10,000 purchase of SYTA, presented on a split-history-adjusted basis factoring in the complete Siyata Mobile stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/28/2020 |
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End date: |
04/29/2024 |
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Start price/share: |
$3,164.00 |
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End price/share: |
$2.91 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.91% |
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Average Annual Total Return: |
-85.77% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9.19 |
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Years: |
3.59 |
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Date |
Ratio |
08/09/2023 | 1 for 100 | 12/04/2023 | 1 for 7 |
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