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Airgain (AIRG) has 1 split in our AIRG split history database. The split for AIRG took place on November 09, 1998. This was a 1 for 5 reverse split, meaning for each 5 shares of AIRG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Airgain 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 AIRG split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Airgain shares, starting with a $10,000 purchase of AIRG, presented on a split-history-adjusted basis factoring in the complete AIRG split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.40%|
|Airgain provides antenna technologies used to enable wireless networking across a range of devices and markets, including consumer, enterprise, and automotive. Co.'s antennas are deployed in carrier, fleet, enterprise, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, digital televisions, sensors, fleet and asset tracking devices. Through its engagement in the design, integration, and testing of antenna technology, Co. is a provider to the residential wireless local area networking market, supplying to carriers, original equipment manufacturers, original design manufacturers, and chipset manufacturers. According to our AIRG split history records, Airgain has had 1 split.|
|AIRG Split History Table|
|11/09/1998||1 for 5|
|Technology Stock Splits|
|AIRG is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AIRG shares outstanding history