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NYSE:VATE

INNOVATE (VATE) Stock Price, News & Analysis

INNOVATE logo
$5.87
-0.23 (-3.77%)
(As of 10/31/2024 ET)

About INNOVATE Stock (NYSE:VATE)

Key Stats

Today's Range
$5.75
$6.11
50-Day Range
$3.28
$6.36
52-Week Range
$3.25
$14.60
Volume
22,099 shs
Average Volume
36,701 shs
Market Capitalization
$76.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and customized products. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States; and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

INNOVATE Stock Analysis - MarketRank™

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6th Percentile Overall Score

VATE MarketRank™: 

INNOVATE scored higher than 6% of companies evaluated by MarketBeat, and ranked 27th out of 27 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of INNOVATE is -1.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of INNOVATE is -1.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about INNOVATE's valuation and earnings.
  • Percentage of Shares Shorted

    5.72% of the float of INNOVATE has been sold short.
  • Short Interest Ratio / Days to Cover

    INNOVATE has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in INNOVATE has recently increased by 23.71%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    INNOVATE does not currently pay a dividend.

  • Dividend Growth

    INNOVATE does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.72% of the float of INNOVATE has been sold short.
  • Short Interest Ratio / Days to Cover

    INNOVATE has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in INNOVATE has recently increased by 23.71%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    INNOVATE has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for INNOVATE this week, compared to 7 articles on an average week.
  • MarketBeat Follows

    2 people have added INNOVATE to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, INNOVATE insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    55.20% of the stock of INNOVATE is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 34.28% of the stock of INNOVATE is held by institutions.

  • Read more about INNOVATE's insider trading history.
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VATE Stock News Headlines

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VATE Stock Analysis - Frequently Asked Questions

INNOVATE's stock was trading at $12.30 at the start of the year. Since then, VATE stock has decreased by 52.3% and is now trading at $5.87.
View the best growth stocks for 2024 here
.

INNOVATE Corp. (NYSE:VATE) posted its quarterly earnings results on Wednesday, August, 7th. The company reported $1.00 EPS for the quarter. The company had revenue of $313.10 million for the quarter.

INNOVATE shares reverse split on Monday, August 5th 2024. The 1-10 reverse split was announced on Monday, August 5th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 5th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Top institutional investors of INNOVATE include Stratos Wealth Advisors LLC (0.02%). Insiders that own company stock include Paul Voigt, Suzi R Herbst, Shelly Lombard and Brian Steven Goldstein.
View institutional ownership trends
.

Shares of VATE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that INNOVATE investors own include iShares Micro-Cap ETF (IWC), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

Last Earnings
8/07/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Fabricated structural metal products
Sub-Industry
Construction Materials
Employees
4,024
Year Founded
N/A

Profitability

Net Income
$-35,200,000.00
Pretax Margin
-1.63%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$0.92 per share
Book Value
($19.15) per share

Miscellaneous

Free Float
5,848,000
Market Cap
$77.40 million
Optionable
Optionable
Beta
2.46
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This page (NYSE:VATE) was last updated on 10/31/2024 by MarketBeat.com Staff
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