Innovate Corp Stock Today
| VATE Stock | USD 5.11 0.23 4.71% |
Performance0 of 100
| Odds Of DistressLess than 40
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Innovate Corp is trading at 5.11 as of the 18th of January 2025, a 4.71% increase since the beginning of the trading day. The stock's lowest day price was 4.83. Innovate Corp has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 29th of January 2023 and ending today, the 18th of January 2025. Click here to learn more.
Business Domain Capital Goods | IPO Date 13th of July 2009 | Category Industrials |
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company was incorporated in 1994 and is headquartered in New York, New York. Innovate Corp operates under Engineering Construction classification in the United States and is traded on New York Stock Exchange. The company has 13.26 M outstanding shares of which 300.82 K shares are at this time shorted by private and institutional investors with about 9.21 trading days to cover. More on Innovate Corp
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Innovate Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Wayne Barr | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Construction Materials (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Engineering & Construction, Industrials, NYSE Composite, Construction Materials, Industrials, Machinery, Engineering & Construction, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsInnovate Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Innovate Corp's financial leverage. It provides some insight into what part of Innovate Corp's total assets is financed by creditors.
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Innovate Corp (VATE) is traded on New York Stock Exchange in USA. It is located in 295 Madison Avenue, New York, NY, United States, 10017 and employs 3,946 people. Innovate Corp is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 64.72 M. Innovate Corp conducts business under Machinery sector and is part of Industrials industry. The entity has 13.26 M outstanding shares of which 300.82 K shares are at this time shorted by private and institutional investors with about 9.21 trading days to cover.
Innovate Corp currently holds about 24.9 M in cash with 26.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32.
Check Innovate Corp Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Innovate Corp is $64.72 Million. Innovate Corp secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Innovate Ownership Details
Innovate Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bridgeway Capital Management, Llc | 2024-09-30 | 20.5 K | |
| Renaissance Technologies Corp | 2024-09-30 | 19.9 K | |
| State Street Corp | 2024-09-30 | 16.5 K | |
| Stratos Wealth Advisors, Llc | 2024-09-30 | 15.5 K | |
| Jane Street Group Llc | 2024-09-30 | 15.2 K | |
| Susquehanna International Group, Llp | 2024-09-30 | 13.2 K | |
| Teton Advisors Inc | 2024-09-30 | 12 K | |
| Northern Trust Corp | 2024-09-30 | 11.2 K | |
| The Colony Group Llc | 2024-09-30 | 10 K | |
| Jefferies Financial Group Inc | 2024-09-30 | 700.8 K | |
| Gendell Jeffrey L | 2024-09-30 | 406.9 K |
Innovate Corp Historical Income Statement
Innovate Stock Against Markets
Innovate Corp Corporate Management
| Paul Voigt | Interim Officer | Profile | |
| Kenneth Courtis | Independent Director | Profile | |
| Shelly Lombard | Independent Director | Profile | |
| Avram Glazer | Independent Chairman of the Board | Profile | |
| Michael Gorzynski | Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovate Corp. If investors know Innovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovate Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share | Quarterly Revenue Growth (0.35) | Return On Assets | Return On Equity |
The market value of Innovate Corp is measured differently than its book value, which is the value of Innovate that is recorded on the company's balance sheet. Investors also form their own opinion of Innovate Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovate Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovate Corp's market value can be influenced by many factors that don't directly affect Innovate Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovate Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovate Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.