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SG Blocks (SGBX) has 1 split in our SGBX split history database. The split for SGBX took place on February 06, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of SGBX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as SG Blocks 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 SGBX 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 SG Blocks shares, starting with a $10,000 purchase of SGBX, presented on a split-history-adjusted basis factoring in the complete SGBX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-2.61%|
|About SG Blocks|
|SG Blocks redesigns, repurposes, and converts heavy-gauge steel cargo shipping containers into SG Blocks, which are green building blocks for commercial, industrial, and residential building construction. Co.'s technology and capability is also used to purpose-build modules, or prefabricated steel modular units customized for use in modular construction (SGPBMs and, together with SGBlocks, Modules), primarily to augment or complement an SGBlocks structure. Co. also provides engineering and project management services related to the use and modification of Modules in construction. According to our SGBX split history records, SG Blocks has had 1 split.|
|SGBX Split History Table|
|02/06/2020||1 for 20|
|Industrials Stock Splits|
|SGBX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SGBX shares outstanding history