At the time of writing, Innovate Corp [VATE] stock is trading at $12.78, down -4.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VATE shares have gain 7.58% over the last week, with a monthly amount glided 163.51%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
For the past year, the stock price of Innovate Corp fluctuated between $3.25 and $13.50. Innovate Corp [NYSE: VATE] shares were valued at $12.78 at the most recent close of the market.
Analyzing the VATE fundamentals
According to Innovate Corp [NYSE:VATE], the company’s sales were 1.23B for trailing twelve months, which represents an -35.46% plunge. 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 12.26 points at the first support level, and at 11.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.54, and for the 2nd resistance point, it is at 14.31.
Ratios To Look Out For
It is important to note that Innovate Corp [NYSE:VATE] has a current ratio of 0.85. Further, the Quick Ratio stands at 0.81, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.14.
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.
