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NYSE:VATE

INNOVATE (VATE) Stock Price, News & Analysis

$4.25
-0.25 (-5.56%)
(As of 08/21/2024 ET)
Today's Range
$4.25
$4.56
50-Day Range
$0.53
$6.82
52-Week Range
$4.25
$19.00
Volume
32,881 shs
Average Volume
28,376 shs
Market Capitalization
$362.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

INNOVATE MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.03mentions of INNOVATE in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$102 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.76 out of 5 stars

Multi-Sector Conglomerates Sector

16th out of 16 stocks

Fabricated Structural Metal Products Industry

4th out of 4 stocks

VATE stock logo

About INNOVATE Stock (NYSE:VATE)

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.

VATE Stock Price History

VATE Stock News Headlines

Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
INNOVATE Corp. Announces Second Quarter 2024 Results
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
8/21/2024
Next Earnings (Estimated)
11/14/2024
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
$0.82 per share
Book Value
($9.66) per share

Miscellaneous

Free Float
57,675,000
Market Cap
$362.07 million
Optionable
Optionable
Beta
2.50
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VATE Stock Analysis - Frequently Asked Questions

How have VATE shares performed this year?

INNOVATE's stock was trading at $12.30 at the start of the year. Since then, VATE shares have decreased by 65.4% and is now trading at $4.25.
View the best growth stocks for 2024 here
.

How were INNOVATE's earnings last quarter?

INNOVATE Corp. (NYSE:VATE) posted its earnings results on Thursday, November, 4th. The company reported ($1.60) earnings per share for the quarter, missing the consensus estimate of ($1.00) by $0.60. The firm earned $394.80 million during the quarter.

When did INNOVATE's stock split?

INNOVATE's stock 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.

Who are INNOVATE's major shareholders?

Top institutional shareholders of INNOVATE include Gabelli Funds LLC (0.34%) and Point72 Asia Singapore Pte. Ltd. (0.68%). Insiders that own company stock include Paul Voigt, Suzi R Herbst, Shelly Lombard and Brian Steven Goldstein.
View institutional ownership trends
.

How do I buy shares of INNOVATE?

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.

This page (NYSE:VATE) was last updated on 8/22/2024 by MarketBeat.com Staff

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