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Video: What is a Stock Split?
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Helius Medical Technologies is a neurotechnology company. Co. develops, licenses or acquires non-implanted technologies targeted at reducing symptoms of neurological disease or trauma. Co.'s primary product, known as the Portable Neuromodulation Stimulator, is authorized for sale in Canada for two indications: for use as a short term treatment of chronic balance deficit due to mild-to-moderate traumatic brain injury and is to be used in conjunction with physical therapy; and for use as a short term treatment of gait deficit due to mild and moderate symptoms from multiple sclerosis and it is to be used in conjunction with physical therapy. According to our Helius Medical Technologies stock split history records, Helius Medical Technologies has had 2 splits. | |
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Helius Medical Technologies (HSDT) has 2 splits in our Helius Medical Technologies stock split history database. The first split for HSDT took place on January 04, 2021. This was a 1 for 35 reverse split, meaning for each 35 shares of HSDT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 28.5714285714286 share position following the split. HSDT's second split took place on August 17, 2023. This was a 1 for 50 reverse split, meaning for each 50 shares of HSDT owned pre-split, the shareholder now owned 1 share. For example, a 28.5714285714286 share position pre-split, became a 0.571428571428571 share position following the split.
When a company such as Helius Medical 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 Helius Medical Technologies stock split history from start to finish, an original position size of 1000 shares would have turned into 0.571428571428571 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Helius Medical Technologies shares, starting with a $10,000 purchase of HSDT, presented on a split-history-adjusted basis factoring in the complete Helius Medical Technologies stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/07/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$3,976.00 |
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End price/share: |
$5.60 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.86% |
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Average Annual Total Return: |
-49.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14.07 |
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Years: |
9.73 |
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Date |
Ratio |
01/04/2021 | 1 for 35 | 08/17/2023 | 1 for 50 |
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