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INNOVATE Corp. (VATE)
4.18  0.25 (6.36%)    09-17 15:08
Open: 4.09
High: 4.18
Volume: 260,406
  
Pre. Close: 3.93
Low: 3.98
Market Cap: 55(M)
Technical analysis
2024-09-17 2:47:50 PM
Short term     
Mid term     
Targets 6-month :  5.27 1-year :  5.99
Resists First :  4.51 Second :  5.13
Pivot price 3.92
Supports First :  3.52 Second :  2.93
MAs MA(5) :  3.9 MA(20) :  4.01
MA(100) :  5.81 MA(250) :  8.54
MACD MACD :  -0.4 Signal :  -0.4
%K %D K(14,3) :  53.4 D(3) :  38.7
RSI RSI(14): 47.1
52-week High :  16.89 Low :  3.52
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ VATE ] has closed below upper band by 14.8%. Bollinger Bands are 62.5% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 6 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 3.96 - 3.98 3.98 - 4
Low: 3.75 - 3.77 3.77 - 3.79
Close: 3.89 - 3.93 3.93 - 3.96
Company Description

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in 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. The company also fabricates trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations 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.

Headline News

Mon, 16 Sep 2024
Innovate Corp. interim CEO buys $166k in company stock - Investing.com India

Tue, 03 Sep 2024
INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement - Yahoo Finance

Mon, 29 Jul 2024
INNOVATE Corp delays reverse stock split to August 8 - Investing.com

Mon, 29 Jul 2024
INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024 | VATE Stock News - StockTitan

Fri, 19 Jul 2024
INNOVATE Corp. announces 1-for-10 reverse stock split - TipRanks

Fri, 19 Jul 2024
INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company’s Common Stock - GlobeNewswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Industrials
Industry:
Engineering & Construction
Shares Out 13 (M)
Shares Float 5 (M)
Held by Insiders 59.2 (%)
Held by Institutions 20.5 (%)
Shares Short 250 (K)
Shares Short P.Month 250 (K)
Stock Financials
EPS -2.37
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -11.41
Profit Margin -1.5 %
Operating Margin 9.1 %
Return on Assets (ttm) 3.7 %
Return on Equity (ttm) 0 %
Qtrly Rev. Growth -15.2 %
Gross Profit (p.s.) 0
Sales Per Share 104.21
EBITDA (p.s.) 7.03
Qtrly Earnings Growth 0 %
Operating Cash Flow 83 (M)
Levered Free Cash Flow 49 (M)
Stock Valuations
PE Ratio -1.76
PEG Ratio 0
Price to Book value -0.37
Price to Sales 0.04
Price to Cash Flow 0.65
Stock Dividends
Dividend 38.9
Forward Dividend 0
Dividend Yield 932.8%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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