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INNOVATE NYSE:VATE Stock Report

Last Price

US$0.66

Market Cap

US$81.7m

7D

5.7%

1Y

-65.3%

Updated

11 Jul, 2024

Data

Company Financials

VATE Stock Overview

Through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States.

VATE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

INNOVATE Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for INNOVATE
Historical stock prices
Current Share PriceUS$0.66
52 Week HighUS$1.95
52 Week LowUS$0.53
Beta2.19
11 Month Change4.02%
3 Month Change-1.46%
1 Year Change-65.33%
33 Year Change-82.10%
5 Year Change-68.80%
Change since IPO-83.62%

Recent News & Updates

Recent updates

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation

Jul 06

Best New Idea For 2023: Innovate

Jan 25

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

Nov 02

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

Aug 03

Breaking Down Innovate's Potential

Oct 27

HC2 Holdings: A Granular Assessment

Jun 27

HC2 Holdings reports Q1 results

May 07

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

Apr 13
These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

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

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

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

Nov 25
How Much Did HC2 Holdings'(NYSE:HCHC) Shareholders Earn From Share Price Movements Over The Last Five Years?

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

Nov 10

Shareholder Returns

VATEUS ConstructionUS Market
7D5.7%-0.3%1.5%
1Y-65.3%26.4%22.8%

Return vs Industry: VATE underperformed the US Construction industry which returned 26.4% over the past year.

Return vs Market: VATE underperformed the US Market which returned 22.8% over the past year.

Price Volatility

Is VATE's price volatile compared to industry and market?
VATE volatility
VATE Average Weekly Movement14.6%
Construction Industry Average Movement5.8%
Market Average Movement5.7%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: VATE's share price has been volatile over the past 3 months.

Volatility Over Time: VATE's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19943,985Paul Voigtwww.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

How do INNOVATE's earnings and revenue compare to its market cap?
VATE fundamental statistics
Market capUS$81.71m
Earnings (TTM)-US$45.10m
Revenue (TTM)US$1.42b

0.1x

P/S Ratio

-1.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VATE income statement (TTM)
RevenueUS$1.42b
Cost of RevenueUS$1.20b
Gross ProfitUS$221.00m
Other ExpensesUS$266.10m
Earnings-US$45.10m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin15.56%
Net Profit Margin-3.18%
Debt/Equity Ratio-501.3%

How did VATE perform over the long term?

See historical performance and comparison
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