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WAVX (WAVX) has 2 splits in our WAVX split history database. The first split for WAVX took place on July 01, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of WAVX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. WAVX's second split took place on December 31, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of WAVX owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 25 share position following the split.
When a company such as WAVX 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 WAVX split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WAVX shares, starting with a $10,000 purchase of WAVX, presented on a split-history-adjusted basis factoring in the complete WAVX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-73.11%|
|Wave Systems develops, produces and markets products for hardware-based digital security, including security applications. Co.'s products are designed to solve digital security issues such as identity theft, fraudulent transactions, virus attacks, unauthorized access to restricted networks and other security problems that users of computer systems generally encounter. Co. provides centralized remote management of its products in both on-premise and cloud platforms. For on-premise configurations, EMBASSY Remote Administration Server (ERAS) hosts Co.'s Virtual Smart Card 2.0, Trusted Platform Module (TPM) Management, self-encrypting drives (SEDs) Management and BitLocker Management products. According to our WAVX split history records, WAVX has had 2 splits.|
|WAVX Split History Table|
|07/01/2013||1 for 4|
|12/31/2015||1 for 10|
|Technology Stock Splits|
|WAVX is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|