Grayscale Investments® Announces Intention to Effect Share Split for Grayscale ® Solana Trust (Ticker: GSOL)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
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Source: Newsfilter
Grayscale Solana Trust Share Split Announcement: Grayscale Investments plans a 5-for-1 forward share split of its Solana Trust (GSOL), effective December 9, 2024, with shareholders on record receiving five shares for each share owned prior to the split.
Impact on Share Value: Post-split, the net asset value per share will decrease to 20% of its pre-split value, while the total number of shares outstanding will increase significantly, reflecting ownership in a smaller fraction of a Solana token.
Analyst Views on GBTC
Wall Street analysts forecast GBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
