INNOVATE (NYSE:VATE) - Stock Price, News & Analysis

VATE Stock Overview

INNOVATE Corp., a través de sus filiales, opera en los sectores de infraestructuras, ciencias de la vida y espectro en Estados Unidos.

About the company

VATE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Risk Analysis

Los beneficios han disminuido en 53% al año en los últimos 5 años.

Fondos propios negativos

No tiene una capitalización bursátil significativa ($97M)

Volatilidad del precio de la acción en los últimos 3 meses

INNOVATE Corp. Competitors

Emeren Group

NYSE:SOL

US$102.8m

Shimmick

NasdaqGM:SHIM

US$112.8m

Northwest Pipe

NasdaqGS:NWPX

US$344.5m

Southland Holdings

NYSEAM:SLND

US$240.5m

Price History & Performance

Summary of all time highs, changes and price drops for INNOVATE
Historical stock prices
Current Share Price	US$0.67
52 Week High	US$3.10
52 Week Low	US$0.57
Beta	2.13
1 Month Change	-22.91%
3 Month Change	-37.90%
1 Year Change	-77.11%
3 Year Change	-83.19%
5 Year Change	-69.51%
Change since IPO	-83.23%

Recent updates

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Apr 13

HC2 Holdings Simplification Process Could Lead To Rerate

Feb 01

HC2 to sell clean energy business for $169M

Dec 31

HC2's insurance segment to be acquired by Continued General

Dec 10

The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares

Dec 10

HC2 owner acquires additional shares

Dec 09

HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock

Dec 03

HC2 Holdings appoints CEO

Nov 30

Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?

Nov 26

How Much Did HC2 Holdings'(NYSE:HCHC) Shareholders Earn From Share Price Movements Over The Last Five Years?

Nov 25

HC2 Holdings, Inc. 2020 Q3 - Results - Earnings Call Presentation

Nov 10

Shareholder Returns

	VATE	US Construction	US Market
7D	-4.3%	-1.1%	-2.1%
1Y	-77.1%	48.7%	24.7%

Rentabilidad frente al sector: VATE obtuvo unos resultados inferiores a los del sector US Construction , que el año pasado arrojó un rendimiento del 14.3%.

Rentabilidad vs. Mercado: VATE obtuvo unos resultados inferiores a los del mercado US, que fue del 14.1% el año pasado.

Price Volatility

Is VATE's price volatile compared to industry and market?
VATE volatility
VATE Average Weekly Movement	14.1%
Construction Industry Average Movement	5.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

Precio estable de las acciones: VATEha sido volátil en los últimos 3 meses.

Volatilidad a lo largo del tiempo: VATE(12%) se ha mantenido estable durante el último año, pero sigue siendo superior al 75% de los valores de US.

About the Company

Founded	Employees	CEO	Website
1994	3,985	Paul Voigt	https://www.innovatecorp.com

INNOVATE Corp., a través de sus filiales, opera en los sectores de infraestructuras, ciencias de la vida y espectro en Estados Unidos. El segmento de Infraestructuras presta servicios de construcción industrial, acero estructural y mantenimiento de instalaciones, como fabricación y montaje de acero estructural y servicios de chapa de acero pesada, y tuberías de agua y depósitos de almacenamiento de agua de gran diámetro; fabricación de cerchas y vigas; y modelado y detallado de información de edificios en 3D para proyectos de construcción comercial, industrial y de infraestructuras, como edificios y complejos de oficinas, hoteles y casinos, centros de convenciones, estadios y pabellones deportivos, centros comerciales, hospitales, presas, puentes, minas, procesamiento de metales, refinerías, fábricas de pasta y papel, y centrales eléctricas. Este segmento también ofrece soluciones de ingeniería digital, modelado y detallado, construcción e instalación de equipos pesados y servicios de instalaciones, incluido el mantenimiento, la reparación y la instalación; y fabrica depuradores de control de la contaminación, revestimientos de túneles, recipientes a presión, coladores, filtros, separadores y productos personalizados.

INNOVATE Corp. Fundamentals Summary

How do INNOVATE's earnings and revenue compare to its market cap?
VATE fundamental statistics
Market cap	US$52.81m
Earnings (TTM)	-US$37.60m
Revenue (TTM)	US$1.42b

0.0x

P/S Ratio

-1.4x

P/E Ratio

Is VATE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VATE income statement (TTM)
Revenue	US$1.42b
Cost of Revenue	US$1.21b
Gross Profit	US$216.00m
Other Expenses	US$253.60m
Earnings	-US$37.60m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.47
Gross Margin	15.18%
Net Profit Margin	-2.64%
Debt/Equity Ratio	-520.3%

How did VATE perform over the long term?

See historical performance and comparison

VATE Stock Overview

Rewards

Risk Analysis

INNOVATE Corp. Competitors

NYSE:SOL

US$102.8m

NasdaqGM:SHIM

US$112.8m

NasdaqGS:NWPX

US$344.5m

NYSEAM:SLND

US$240.5m

Price History & Performance

Recent News & Updates

Now 21% undervalued after recent price drop

Full year 2023 earnings released: US$0.45 loss per share (vs US$0.53 loss in FY 2022)

INNOVATE Corp. has filed a Follow-on Equity Offering in the amount of $19 million.

INNOVATE Receives Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standard Set in Section 802.01C of the NYSE’s Listed Company Manual

INNOVATE Corp. has filed a Follow-on Equity Offering.

INNOVATE Corp. to Report Q4, 2023 Results on Mar 04, 2024

Recent updates

Now 21% undervalued after recent price drop

Full year 2023 earnings released: US$0.45 loss per share (vs US$0.53 loss in FY 2022)

INNOVATE Corp. has filed a Follow-on Equity Offering in the amount of $19 million.

INNOVATE Receives Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standard Set in Section 802.01C of the NYSE’s Listed Company Manual

INNOVATE Corp. has filed a Follow-on Equity Offering.

INNOVATE Corp. to Report Q4, 2023 Results on Mar 04, 2024

Third quarter 2023 earnings released: US$0.093 loss per share (vs US$0.085 loss in 3Q 2022)

INNOVATE Corp. to Report Q3, 2023 Results on Nov 09, 2023

New minor risk - Market cap size

INNOVATE Corp. to Cease Suzi Herbst as Chief Operating Officer on or Around October 20, 2023

Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.17 loss in 2Q 2022)

Innovate Corp. Announces Chief Executive Officer Changes

INNOVATE Corp. Announces the Demise of Wayne Barr, President and Director

INNOVATE Corp. to Report Q2, 2023 Results on Aug 08, 2023

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation

New major risk - Share price stability

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.18 loss in 1Q 2022)

Full year 2022 earnings released: US$0.53 loss per share (vs US$1.04 loss in FY 2021)

INNOVATE Corp. to Report Q4, 2022 Results on Mar 08, 2023

Best New Idea For 2023: Innovate

Third quarter 2022 earnings released: US$0.085 loss per share (vs US$0.17 loss in 3Q 2021)

INNOVATE Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from NYSE

Innovate GAAP EPS of -$0.09, revenue of $423M

INNOVATE Corp. to Report Q3, 2022 Results on Nov 02, 2022

INNOVATE Corp. Announces Resignation of Joseph Ferraro as Chief Legal Officer

Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.29 loss in 2Q 2021)

Innovate GAAP EPS of -$0.18, revenue of $392.2M

INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors

INNOVATE Corp. to Report Q2, 2022 Results on Aug 03, 2022

INNOVATE Notifies NYSE That the Company Was No Longer in Compliance with Section 303A.07(a) of the NYSE Listed Company Manual

INNOVATE Corp.(NYSE:VATE) dropped from Russell 2000 Dynamic Index

Independent Director recently sold US$67k worth of stock

INNOVATE Corp. Announces Board of Directors Resignations

Independent Chairman of the Board recently bought US$1.1m worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

INNOVATE Corp. to Report Q4, 2021 Results on Mar 09, 2022

INNOVATE Corp. Promotes Suzi Raftery Herbst to Chief Operating Officer of the Company

Third quarter 2021 earnings released: US$0.17 loss per share (vs US$0.38 loss in 3Q 2020)

Breaking Down Innovate's Potential

Second quarter 2021 earnings released: US$0.29 loss per share (vs US$0.098 profit in 2Q 2020)

HC2 Holdings, Inc.(NYSE:HCHC) dropped from Russell Microcap Growth Index

HC2 Holdings: A Granular Assessment

First quarter 2021 earnings released: US$0.51 loss per share (vs US$0.51 loss in 1Q 2020)

HC2 Holdings reports Q1 results

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Chief Financial Officer recently sold US$59k worth of stock

HC2 Holdings, Inc. to Report Q4, 2020 Results on Mar 10, 2021

HC2 Holdings Simplification Process Could Lead To Rerate

New 90-day high: US$4.13

Weigel Broadcasting Co. Inc. completed the acquisition of KAZD-TV, KYAZ-TV, KMOH-TV and a Low-Power Station in Phoenix from HC2 Holdings, Inc. (NYSE:HCHC).

Mercuria Investments US, Inc. entered into a definitive agreement to acquire Beyond6, Inc. from HC2 Holdings, Inc. (NYSE:HCHC) and others for approximately $170 million.

HC2 to sell clean energy business for $169M

Price target lowered to US$5.00

Michael Gorzynski entered into a non-binding indication of interest to acquire Continental Insurance Group Ltd. from HC2 Holdings, Inc. (NYSE:HCHC) for approximately $90 million.

HC2's insurance segment to be acquired by Continued General

The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares