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Microbot Medical (MBOT) has 2 splits in our MBOT split history database. The first split for MBOT took place on November 29, 2016. This was a 1 for 9 reverse split, meaning for each 9 shares of MBOT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 111.111111111111 share position following the split. MBOT's second split took place on September 05, 2018. This was a 1 for 15 reverse split, meaning for each 15 shares of MBOT owned pre-split, the shareholder now owned 1 share. For example, a 111.111111111111 share position pre-split, became a 7.40740740740741 share position following the split.
When a company such as Microbot Medical 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 MBOT split history from start to finish, an original position size of 1000 shares would have turned into 7.40740740740741 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Microbot Medical shares, starting with a $10,000 purchase of MBOT, presented on a split-history-adjusted basis factoring in the complete MBOT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-25.18%|
|About Microbot Medical|
|Microbot Medical is a pre-clinical medical device company engaged in the research, design and development of micro-robotics assisted medical technologies targeting the minimally invasive surgery space. Co.'s technological platforms, ViRob, CardioSert and TipCAT, are comprised of proprietary technologies. Using the ViRob platform, Co. is developing its product candidate: the Self Cleaning Shunt (SCS) for the treatment of hydrocephalus and Normal Pressure Hydrocephalus. Although the SCS utilizes one of its platforms, Co. is focused on the development of a Multi Generation Pipeline Portfolio utilizing all three of its proprietary technologies. According to our MBOT split history records, Microbot Medical has had 2 splits.|
|MBOT Split History Table|
|11/29/2016||1 for 9|
|09/05/2018||1 for 15|
|Healthcare Stock Splits|
|MBOT 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: MBOT shares outstanding history