Innovate Corp [VATE] stock prices are up 5.10% to $11.13 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VATE shares have gain 117.81% over the last week, with a monthly amount glided 113.22%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
The stock price of Innovate Corp [VATE] has been fluctuating between $3.25 and $11.21 over the past year. Innovate Corp [NYSE: VATE] shares were valued at $11.13 at the most recent close of the market.
Analyzing the VATE fundamentals
The Innovate Corp [NYSE:VATE] reported sales of 1.23B for trailing twelve months, representing a drop of -35.46%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 10.07 points at the first support level, and at 9.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.33, and for the 2nd resistance point, it is at 13.54.
Ratios To Look Out For
It’s worth pointing out that Innovate Corp [NYSE:VATE]’s Current Ratio is 0.85. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.12.
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.
