When a company such as NanoVibronix 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 NAOV split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NanoVibronix shares, starting with a $10,000 purchase of NAOV, presented on a split-history-adjusted basis factoring in the complete NAOV split history.

About NanoVibronix

NanoVibronix is a medical device company that focuses on noninvasive biological response-activating devices that target biofilm prevention, wound healing and pain therapy and can be administered at home, without the assistance of medical personnel. Co.'s primary products, which are in various stages of clinical and market development, consist of: UroShield™, which is an ultrasound-based product to prevent bacterial colonization and biofilm in urinary catheters, increase antibiotic efficacy and decrease pain and discomfort associated with urinary catheter use; and PainShield™, which is a patch-based therapeutic ultrasound technology to treat pain, muscle spasm and joint contractures. According to our NAOV split history records, NanoVibronix has had 1 split.

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