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Video: What is a Stock Split?
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WorkSport designs and distributes truck tonneau covers in Canada and the U.S. Co. has developed various products for pick-up trucks available in North America. Co.'s product lines are as follows: Worksport Tri Fold, which is Co.'s staple soft folding tonneau cover; Worksport Smart Fold, which provides Co.'s patented rear Smart Latch system; Worksport Quad-Fold, which is a vinyl wrapped tonneau cover to fold in four sections; and Worksport Forte GEN2, which is built using 6MM thick aluminum panels with honeycomb core, coated in a durable matte-black scratch resistant powder coating. According to our WorkSport stock split history records, WorkSport has had 1 split. | |
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WorkSport (WKSP) has 1 split in our WorkSport stock split history database. The split for WKSP took place on August 04, 2021. This was a 1 for 20 reverse split, meaning for each 20 shares of WKSP 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 WorkSport 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 WorkSport 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 WorkSport shares, starting with a $10,000 purchase of WKSP, presented on a split-history-adjusted basis factoring in the complete WorkSport stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/05/2014 |
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End date: |
05/01/2024 |
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Start price/share: |
$25.00 |
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End price/share: |
$0.80 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.80% |
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Average Annual Total Return: |
-29.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$319.91 |
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Years: |
10.00 |
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Date |
Ratio |
08/04/2021 | 1 for 20 |
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