VATE Stock Overview
Through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
My Notes
Capture your thoughts, links and company narrative
INNOVATE Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$5.25 |
| 52 Week High | US$13.00 |
| 52 Week Low | US$3.25 |
| Beta | 2.08 |
| 1 Month Change | -12.35% |
| 3 Month Change | 34.96% |
| 1 Year Change | -53.13% |
| 3 Year Change | -85.92% |
| 5 Year Change | -75.12% |
| Change since IPO | -86.88% |
Recent News & Updates
Recent updates
Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation
Jul 06Best New Idea For 2023: Innovate
Jan 25Innovate GAAP EPS of -$0.09, revenue of $423M
Nov 02Innovate GAAP EPS of -$0.18, revenue of $392.2M
Aug 03Breaking Down Innovate's Potential
Oct 27HC2 Holdings: A Granular Assessment
Jun 27HC2 Holdings reports Q1 results
May 07These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively
Apr 13
HC2 Holdings Simplification Process Could Lead To Rerate
Feb 01HC2 to sell clean energy business for $169M
Dec 31HC2's insurance segment to be acquired by Continued General
Dec 10The 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 09HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock
Dec 03HC2 Holdings appoints CEO
Nov 30Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?
Nov 26How Much Did HC2 Holdings'(NYSE:HCHC) Shareholders Earn From Share Price Movements Over The Last Five Years?
Nov 25Shareholder Returns
| VATE | US Construction | US Market | |
|---|---|---|---|
| 7D | -4.5% | -3.8% | -2.4% |
| 1Y | -53.1% | 51.6% | 23.3% |
Return vs Industry: VATE underperformed the US Construction industry which returned 51.6% over the past year.
Return vs Market: VATE underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| VATE volatility | |
|---|---|
| VATE Average Weekly Movement | 16.3% |
| Construction Industry Average Movement | 6.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: VATE's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: VATE's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 3,985 | Paul Voigt | www.innovatecorp.com |
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.
INNOVATE Corp. Fundamentals Summary
| VATE fundamental statistics | |
|---|---|
| Market cap | US$69.62m |
| Earnings (TTM) | -US$30.60m |
| Revenue (TTM) | US$1.23b |
0.1x
P/S Ratio-2.3x
P/E RatioIs VATE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VATE income statement (TTM) | |
|---|---|
| Revenue | US$1.23b |
| Cost of Revenue | US$1.01b |
| Gross Profit | US$223.50m |
| Other Expenses | US$254.10m |
| Earnings | -US$30.60m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.31 |
| Gross Margin | 18.15% |
| Net Profit Margin | -2.48% |
| Debt/Equity Ratio | -551.4% |
How did VATE perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
INNOVATE Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sarkis Sherbetchyan | B. Riley Securities, Inc. |
| Barry Sine | Drexel Hamilton |