Split History
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Stereotaxis (STXS) has 2 splits in our STXS split history database. The first split for STXS took place on July 11, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of STXS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. STXS's second split took place on November 04, 2013. This was a 1096 for 1000 split, meaning for each 1000 shares of STXS owned pre-split, the shareholder now owned 1096 shares. For example, a 100 share position pre-split, became a 109.6 share position following the split.
When a company such as Stereotaxis splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Stereotaxis 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 STXS split history from start to finish, an original position size of 1000 shares would have turned into 109.6 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stereotaxis shares, starting with a $10,000 purchase of STXS, presented on a split-history-adjusted basis factoring in the complete STXS split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 04/17/2024 | |
| Start price/share: | $4.12 | |
| End price/share: | $2.58 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -37.38% | |
| Average Annual Total Return: | -4.58% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $6,259.01 | |
| Years: | 9.99 | |
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| About Stereotaxis |
| Stereotaxis designs, manufactures and markets robotic systems, instruments and information systems for the interventional laboratory. Co.'s products include: Genesis RMN System and Niobe System, which enable physicians to complete interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites; Odyssey Solution, which provides an integrated, real-time information solution to manage, control, record and share procedures across networks; and Stereotaxis Imaging Model S x-ray System, which provides an integrated solution for a robotic interventional operating room. According to our STXS split history records, Stereotaxis has had 2 splits. |
| STXS Split History Table | |
| Date | Ratio |
| 07/11/2012 | 1 for 10 |
| 11/04/2013 | 1096 for 1000 |
| Healthcare Stock Splits |
| STXS is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
SURG Split History
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