INNOVATE Corp. (VATE) Stock Analysis

4.60

3.60%Today

VATE • INNOVATE Corp. • New York Stock Exchange • Industrials

Market Cap

61.35M

Volume

16.61K

52W High

13.79

52W Low

3.25

Company Overview

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.

Contact Information

Website: https://www.innovatecorp.com
Address: 295 Madison Avenue
Country: US

Investment Analysis & Insights

Key Investment Highlights

Market Position: Industrials leader with 61.35M market capitalization
Trading Volume: 16.61K shares traded today
Price Range: 52-week range of $3.25 - $13.79
Exchange: Listed on New York Stock Exchange

Financial Metrics

P/E Ratio:-0.73

EPS:$-6.29

Beta:1.82

Avg Volume:30.14K

Market Analysis for INNOVATE Corp.

INNOVATE Corp. (VATE) operates in the Engineering & Construction industry within the Industrials sector. With a current market capitalization of 61.35M, the company represents a significant player in its market. The stock is currently trading at $4.60 with a positivedaily change of 3.60%.

The company's 3135 employee base and presence on the New York Stock Exchangeexchange position it as a Industrials sector leader. Investors should consider the stock's P/E ratio of -0.73, beta of 1.82, and 52-week price range from $3.25 to $13.79when evaluating investment opportunities.