INNOVATE (VATE) Stock Price, News & Analysis

Company Overview

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. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States; 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.

Key Stats

• Today's Range: $5.12 to $5.42
• 50-Day Range: $5.12 to $7.38
• 52-Week Range: $3.25 to $13.79
• Volume: 8,192 shs
• Average Volume: 193,982 shs
• Market Capitalization: $69.87 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

INNOVATE Stock Analysis - MarketRank™

INNOVATE scored higher than 17% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for INNOVATE.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of INNOVATE is -1.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of INNOVATE is -1.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.13% of the float of INNOVATE has been sold short.

Short Interest Ratio / Days to Cover

INNOVATE has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in INNOVATE has recently decreased by 16.54%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

INNOVATE does not currently pay a dividend.

Dividend Growth

INNOVATE does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.13% of the float of INNOVATE has been sold short.

Short Interest Ratio / Days to Cover

INNOVATE has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in INNOVATE has recently decreased by 16.54%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.60

News Sentiment

INNOVATE has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.90 average news sentiment score of Multi-Sector Conglomerates companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for INNOVATE this week, compared to 7 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, INNOVATE insiders have not sold or bought any company stock.

Percentage Held by Insiders

55.50% of the stock of INNOVATE is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 34.28% of the stock of INNOVATE is held by institutions.

VATE Stock Analysis - Frequently Asked Questions

How have VATE shares performed this year?

INNOVATE's stock was trading at $4.94 at the start of the year. Since then, VATE shares have increased by 6.5% and is now trading at $5.26.

How were INNOVATE's earnings last quarter?

INNOVATE Corp. (NYSE:VATE) issued its quarterly earnings results on Tuesday, May, 6th. The company reported ($1.89) EPS for the quarter. The company had revenue of $274.20 million for the quarter.
Read the conference call transcript.

When did INNOVATE's stock split?

INNOVATE's stock reverse split on Monday, August 5th 2024.The 1-10 reverse split was announced on Monday, August 5th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 5th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of INNOVATE?

Shares of VATE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of INNOVATE own?

Based on aggregate information from My MarketBeat watchlists, some other companies that INNOVATE investors own include iShares Micro-Cap ETF (IWC), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AU Optronics (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 7/17/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Multi-Sector Conglomerates
• Industry: DIVERSIFIED OPS
• Sub-Industry: Construction Materials
• Current Symbol: NYSE:VATE
• CIK: 1006837
• Web: hc2.com
• Phone: (212) 235-2690
• Fax: 703-902-2814
• Employees: 3,161
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($3.36)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$34.60 million
• Net Margins: -3.91%
• Pretax Margin: -3.31%
• Return on Equity: N/A
• Return on Assets: -4.69%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.44
• Quick Ratio: 0.42

Sales & Book Value

• Annual Sales: $1.07 billion
• Price / Sales: 0.07
• Cash Flow: $0.45 per share
• Price / Cash Flow: 11.82
• Book Value: ($12.01) per share
• Price / Book: -0.44

Miscellaneous

• Outstanding Shares: 13,283,000
• Free Float: 5,911,000
• Market Cap: $69.87 million
• Optionable: Optionable
• Beta: 1.72