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Video: What is a Stock Split?
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Innodata is a data engineering company. Co. has three reporting segments: Digital Data Solutions, which provides atrificial inteligence (AI)-enabled software platforms and managed services to companies that require data for training AI and machine learning algorithms; Synodex, which provides a platform that transforms medical records into useable digital data organized in accordance with its proprietary data models or client data models; and Agility, which provides a platform that provides marketing communications and public relations personnels with the ability to distribute content to journalists and social media influencers to monitor and analyze news channels and social media channels. According to our Innodata stock split history records, Innodata has had 4 splits. | |
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Innodata (INOD) has 4 splits in our Innodata stock split history database. The first split for INOD took place on March 25, 1998. This was a 1 for 3
reverse split, meaning for each 3
shares of INOD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. INOD's second split took place on September 10, 1999. This was a 3 for 1
split, meaning for each share of INOD owned pre-split, the shareholder now owned 3 shares. For example, a 333.333333333333 share position pre-split, became a 1000 share position following the split. INOD's third split took place on December 04, 2000. This was a 2 for 1 split, meaning for each share of INOD owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. INOD's 4th split took place on March 26, 2001. This was a 2 for 1 split, meaning for each share of INOD owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Innodata splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Innodata 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 Innodata stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Innodata shares, starting with a $10,000 purchase of INOD, presented on a split-history-adjusted basis factoring in the complete Innodata stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$2.91 |
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End price/share: |
$6.60 |
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Dividends collected/share: |
$0.00 |
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Total return: |
126.80% |
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Average Annual Total Return: |
8.53% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22,672.43 |
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Years: |
10.00 |
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Date |
Ratio |
03/25/1998 | 1 for 3
| 09/10/1999 | 3 for 1
| 12/04/2000 | 2 for 1 | 03/26/2001 | 2 for 1 |
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