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NYSE: VATE
Innovate Corp Stock

$0.63+0.00 (+0%)
Updated Jul 17, 2024
VATE Price
$0.63
Fair Value Price
N/A
Market Cap
$53.67M
52 Week Low
$0.53
52 Week High
$1.90
P/E
-1.13x
P/B
-0.29x
P/S
0.04x
PEG
N/A
Dividend Yield
N/A
Revenue
$1.42B
Earnings
-$43.60M
Gross Margin
15.6%
Operating Margin
2.33%
Profit Margin
-3.2%
Debt to Equity
-5.85
Operating Cash Flow
$78M
Beta
1.25
Next Earnings
Aug 6, 2024
Ex-Dividend
N/A
Next Dividend
N/A

VATE Overview

INNOVATE Corp. offers industrial construction, structural steel, and facility maintenance services. The company fabricates trusses and girders, water pipes, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and related products. Further, the company develops products for osteoarthritis of the knee and aesthetic and medical technologies for the skin. It also operates over-the-air television stations and Azteca America, a Spanish-language broadcast network. Known as HC2 Holdings, Inc. until 2021/09, INNOVATE was incorporated in 1994 and is headquartered in New York, NY.

Zen Score

Industry Average (35)
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Due Diligence Checks

VATE is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
VATE is unprofitable, so we are unable to assess its PEG ratio
PEG Value Valuation
VATE's Earnings (EBIT) of $33.10M... subscribe to Premium to read more.
Interest Coverage Financials
There are 30 more VATE due diligence checks available for Premium users.

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VATE News

Valuation

VATE price to earnings (PE)

For valuing profitable companies with steady earnings
Company
-1.13x
Industry
-63.61x
Market
30.24x

VATE price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
-0.29x
Industry
4.36x

VATE's financial health

Profit margin

Revenue
$315.2M
Net Income
-$17.4M
Profit Margin
-5.6%
VATE's Earnings (EBIT) of $33.10M... subscribe to Premium to read more.
Interest Coverage Financials
VATE's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$943.5M
Liabilities
$1.1B
Debt to equity
-5.85
VATE's short-term assets ($428.60M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
VATE's long-term liabilities ($729.10M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
VATE's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
VATE's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$25.4M
Investing
-$3.3M
Financing
-$12.9M
VATE's operating cash flow ($78.10M)... subscribe to Premium to read more.
Debt Coverage Financials

VATE vs Engineering & Construction Stocks

TickerMarket Cap1d %P/EP/B
VATE$53.67M0.00%-1.13x-0.29x
JUNE$68.02M+9.18%-411.54x78.66x
SHIM$81.03M+52.17%N/A2.08x
ENG$8.61M-4.57%-0.83x-3.03x
WLGS$8.45M0.00%-14.00x1.41x

Innovate Stock FAQ

What is Innovate's quote symbol?

(NYSE: VATE) Innovate trades on the NYSE under the ticker symbol VATE. Innovate stock quotes can also be displayed as NYSE: VATE.

If you're new to stock investing, here's how to buy Innovate stock.

What is the 52 week high and low for Innovate (NYSE: VATE)?

(NYSE: VATE) Innovate's 52-week high was $1.90, and its 52-week low was $0.53. It is currently -66.84% from its 52-week high and 18.87% from its 52-week low.

How much is Innovate stock worth today?

(NYSE: VATE) Innovate currently has 85,192,032 outstanding shares. With Innovate stock trading at $0.63 per share, the total value of Innovate stock (market capitalization) is $53.67M.

Innovate stock was originally listed at a price of $4.00 in Jul 13, 2009. If you had invested in Innovate stock at $4.00, your return over the last 15 years would have been -84.25%, for an annualized return of -11.59% (not including any dividends or dividend reinvestments).

How much is Innovate's stock price per share?

(NYSE: VATE) Innovate stock price per share is $0.63 today (as of Jul 17, 2024).

What is Innovate's Market Cap?

(NYSE: VATE) Innovate's market cap is $53.67M, as of Jul 18, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Innovate's market cap is calculated by multiplying VATE's current stock price of $0.63 by VATE's total outstanding shares of 85,192,032.
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