Yield10 (YTEN) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Yield10’s decision to enact a reverse stock split on May 2, 2024, consolidating shares at a ratio of 1-for-24, poses a potential risk to the liquidity of its common stock. The move, approved by shareholders and intended to bolster stock market price, carries uncertain outcomes as historically, the effectiveness of such actions varies among companies. It remains unclear whether this strategy will lead to a lasting increase in share price to attract discerning investors and brokers, or if it will enhance the company’s appeal to prospective employees and service providers by elevating its stock market stature.
Overall, Wall Street has a Hold consensus rating on YTEN stock based on 2 Holds.
To learn more about Yield10’s risk factors, click here.
