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ENT (ENT) has 1 split in our ENT split history database. The split for ENT took place on April 16, 2020. This was a 1 for 25 reverse split, meaning for each 25 shares of ENT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.
When a company such as ENT 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 ENT split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ENT shares, starting with a $10,000 purchase of ENT, presented on a split-history-adjusted basis factoring in the complete ENT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-46.37%|
|Global Eagle Entertainment is a provider of media and satellite-based connectivity to global mobility markets across air, land and sea. Co. has two operating segments: Media & Content, which buys, produces, manages and distributes wholly-owned and licensed media content, video and music programming, advertising, applications and video games, and provides post-production services, for and to customers in the airline, maritime and other away-from-home non-theatrical markets; and Connectivity, which provides satellite-based passenger connectivity for single-aisle airliners, cruise ships, and other maritime, enterprise and government markets. According to our ENT split history records, ENT has had 1 split.|
|ENT Split History Table|
|04/16/2020||1 for 25|
|Technology Stock Splits|
|ENT 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: ENT shares outstanding history