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Video: What is a Stock Split?
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MedAvail Holdings is a pharmacy technology and services company. Co.'s operations consist of two business segments: Retail Pharmacy Services and Pharmacy Technology. Co.'s Retail Pharmacy Services Segment comprises MedAvail Pharmacy Inc., a wholly owned subsidiary of Co., and does business under the trade name SpotRx Pharmacy or SpotRx. SpotRx pharmacy operations consist of MedCenter generated sales to patients, including pharmaceuticals and merchandise. Co.'s Pharmacy Technology Segment sells the MedPlatform System, which includes the MedCenter prescription dispensing kiosk, software, integration services, and maintenance services. According to our MDVL stock split history records, MDVL has had 2 splits. | |
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MDVL (MDVL) has 2 splits in our MDVL stock split history database. The first split for MDVL took place on November 18, 2020. This was a 1 for 12 reverse split, meaning for each 12 shares of MDVL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split. MDVL's second split took place on August 01, 2023. This was a 1 for 50 reverse split, meaning for each 50 shares of MDVL owned pre-split, the shareholder now owned 1 share. For example, a 83.3333333333333 share position pre-split, became a 1.66666666666667 share position following the split.
When a company such as MDVL 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 MDVL stock split history from start to finish, an original position size of 1000 shares would have turned into 1.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MDVL shares, starting with a $10,000 purchase of MDVL, presented on a split-history-adjusted basis factoring in the complete MDVL 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: |
02/12/2024 |
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Start price/share: |
$8,400.00 |
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End price/share: |
$1.80 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.98% |
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Average Annual Total Return: |
-57.49% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2.14 |
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Years: |
9.88 |
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Date |
Ratio |
11/18/2020 | 1 for 12 | 08/01/2023 | 1 for 50 |
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