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iCAD inc (ICAD) has 1 split in our ICAD split history database. The split for ICAD took place on August 16, 2012. This was a 1 for 5 reverse split, meaning for each 5 shares of ICAD 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 iCAD inc 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 ICAD 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 iCAD inc shares, starting with a $10,000 purchase of ICAD, presented on a split-history-adjusted basis factoring in the complete ICAD split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.75%|
|About iCAD inc|
|iCAD is a medical technology company providing cancer detection and therapy solutions. Co.'s segments are: Cancer Detection, which includes image analysis and workflow solutions that enable healthcare personnel to identify pathologies and pinpoint prevalent cancers earlier, and various Artificial Intelligence and Computer-Aided Detection systems and workflow solutions for 2D and 3D mammography, Magnetic Resonance Imaging and Computed Tomography; and Cancer Therapy, which provides the Xoft Axxent Electronic Brachytherapy System, an isotope-free cancer treatment platform technology for the treatment of early-stage breast cancer, endometrial cancer, cervical cancer and nonmelanoma skin cancer. According to our ICAD split history records, iCAD inc has had 1 split.|
|ICAD Split History Table|
|08/16/2012||1 for 5|
|Healthcare Stock Splits|
|ICAD is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ICAD shares outstanding history