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Video: What is a Stock Split?
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Minerva Surgical is a commercial-stage medical technology company focused on developing, manufacturing, and commercializing minimally invasive solutions to meet the uterine healthcare needs of women. Co. provides a suite of products for the treatment of structural and non-structural causes of abnormal uterine bleeding in most uterine anatomies. Co.'s devices are used by obstetrician-gynecologists across various medical treatment settings, including hospitals, ambulatory surgical centers, and physician offices. Co.'s product offerings include Minerva ES Endometrial Ablation System; Genesys HTA Endometrial Ablation System; Symphion Tissue Removal System; and Resectr Tissue Resection Device. According to our UTRS stock split history records, UTRS has had 1 split. | |
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UTRS (UTRS) has 1 split in our UTRS stock split history database. The split for UTRS took place on October 02, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of UTRS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as UTRS 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 UTRS stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into UTRS shares, starting with a $10,000 purchase of UTRS, presented on a split-history-adjusted basis factoring in the complete UTRS stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/25/2021 |
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End date: |
03/28/2024 |
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Start price/share: |
$187.00 |
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End price/share: |
$0.64 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.66% |
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Average Annual Total Return: |
-90.41% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$33.98 |
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Years: |
2.42 |
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Date |
Ratio |
10/02/2023 | 1 for 20 |
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