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Odyssey Marine Exploration (OMEX) has 1 split in our OMEX split history database. The split for OMEX took place on February 22, 2016. This was a 1 for 12 reverse split, meaning for each 12 shares of OMEX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as Odyssey Marine Exploration 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 OMEX split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Odyssey Marine Exploration shares, starting with a $10,000 purchase of OMEX, presented on a split-history-adjusted basis factoring in the complete OMEX split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/25/2014 | |
| End date: | 04/23/2024 | |
| Start price/share: | $24.60 | |
| End price/share: | $3.63 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -85.24% | |
| Average Annual Total Return: | -17.41% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,475.87 | |
| Years: | 10.00 | |
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| About Odyssey Marine Exploration |
| Odyssey Marine Exploration discovers, validates and develops seafloor resources. Co. has mineral portfolio that includes projects controlled by Co. and other projects in which Co. is a minority owner and service provider. Co. provides mineral exploration, project development and marine services to clients (subsidiary companies, other companies and/or governments). Co. conducts deep-ocean projects including deep-ocean resource explorations, ship and airplane wreck explorations, archaeological recovery and conservation and insurance documentation. Co.'s subsea project portfolio contains several projects in various stages of development across different mineral resources. According to our OMEX split history records, Odyssey Marine Exploration has had 1 split. |
| OMEX Split History Table | |
| Date | Ratio |
| 02/22/2016 | 1 for 12 |
| Industrials Stock Splits |
| OMEX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
ONE Split History Also explore: OMEX shares outstanding history
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