FMP
May 29, 2024 5:11 AM - Andrew Wynn
Visionary Holdings Inc. (NASDAQ:GV), a leader in the private education sector, has recently announced a significant change in its stock structure through a 15-for-1 reverse stock split. This move is aimed at adjusting the number of shares available to investors without altering the overall value of their investment in the company. GV specializes in integrating artificial intelligence and life science technologies into its educational offerings, with a strong operational presence in Canada and strategic partnerships in China.
The reverse stock split, scheduled to take effect at the beginning of the trading day on May 29, 2024, will consolidate every fifteen shares of GV into a single share. This action is designed to reduce the total number of shares in circulation, potentially increasing the per-share price and making the stock more attractive to a broader range of investors. For shareholders who find themselves with fractional shares as a result of the consolidation, GV has committed to rounding these fractions up to the nearest whole number, ensuring that no investor is left with a non-tradable fraction of a share.
Following the consolidation, GV's shares will continue to be traded on the Nasdaq Capital Market under the same ticker symbol "GV". This move is part of the company's broader corporate strategy to enhance shareholder value and improve its standing in the competitive market of private education providers. The decision to undergo a reverse stock split reflects GV's commitment to maintaining a strong and stable stock performance, aligning with the interests of its shareholders.
The announcement of the reverse stock split comes at a time when GV's stock has experienced a significant uptick in its market performance. The stock price has surged by 80.5% to $0.361, marking a notable increase of $0.161 in value. This price movement has been characterized by a trading range between $0.215 and $0.4542, with the stock reaching a yearly high of $0.7 and a low of $0.1012. GV's market capitalization now stands at approximately $18.65 million, supported by a trading volume exceeding 13.17 million shares. This financial momentum underscores the company's growth potential and the strategic importance of the reverse stock split in positioning GV for future success.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...