Currently, Innovate Corp [VATE] is trading at $9.52, up 86.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VATE shares have gain 100.84% over the last week, with a monthly amount glided 66.73%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
This stock has fluctuated between a low of $3.25 and a high of $10.80 over the last 52 weeks. Innovate Corp [NYSE: VATE] shares were valued at $9.52 at the most recent close of the market.
Analyzing the VATE fundamentals
Trailing Twelve Months sales for Innovate Corp [NYSE:VATE] were 1.23B which represents -35.46% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is 0.19 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.06 points at the first support level, and at 4.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.46, and for the 2nd resistance point, it is at 13.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Innovate Corp [NYSE:VATE] is 0.85. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.10.
Transactions by insiders
Recent insider trading involved Voigt Paul, Interim CEO, that happened on Nov 19 ’24 when 25000.0 shares were purchased. Interim CEO, Voigt Paul completed a deal on Sep 12 ’24 to buy 43785.0 shares. Meanwhile, Interim CEO Voigt Paul bought 176.0 shares on Jun 14 ’24.
