When a company such as AMDA 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 AMDA split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AMDA shares, starting with a $10,000 purchase of AMDA, presented on a split-history-adjusted basis factoring in the complete AMDA split history.

About AMDA

SiNtx Technologies is a materials company focused on developing, manufacturing and selling silicon nitride ceramics that are used in medical implants and in a variety of industrial devices. Co. markets and sells its Valeo brand of silicon nitride implants to surgeons and hospitals in the U.S. and to selected markets in Europe and South America. In addition, Co. also sells metal-based products in the U.S. that provide surgeons and hospitals with a package for spinal surgery. Co. markets interbody spinal fusion devices and related products and are developing products for use as components in total hip and knee joint replacements, as well as dental applications. According to our AMDA split history records, AMDA has had 1 split.

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