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Myomo (MYO) has 1 split in our MYO split history database. The split for MYO took place on January 31, 2020. This was a 1 for 30 reverse split, meaning for each 30 shares of MYO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as Myomo 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 MYO split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Myomo shares, starting with a $10,000 purchase of MYO, presented on a split-history-adjusted basis factoring in the complete MYO split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-66.43%|
|Myomo is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. Co. develops and markets the MyoPro product line. A MyoPro is a myoelectric-controlled upper limb brace, or orthosis. The orthosis is a rigid brace used for the purpose of supporting a patient's weak or paralyzed arm to enable and help improve functional activities of daily living in the home and community. Co.'s products are designed to help improve function in adults and adolescents with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury and other neurological disorders. According to our MYO split history records, Myomo has had 1 split.|
|MYO Split History Table|
|01/31/2020||1 for 30|
|Healthcare Stock Splits|
|MYO is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|