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VATE Stock Chart & Stats
$5.05
$0.04(0.71%)
At close: 4:00 PM EST
$5.05
$0.04(0.71%)
Day’s Range― - ―
52-Week Range$3.75 - $21.30
Previous CloseN/A
Volume9.40K
Average Volume (3M)26.90K
Market Cap
$123.19M
Enterprise Value$730.80
Total Cash (Recent Filing)$134.60M
Total Debt (Recent Filing)$765.50M
Price to Earnings (P/E)―
Beta2.32
Next Earnings
Aug 12, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.25
Shares Outstanding13,641,866
10 Day Avg. Volume53,214
30 Day Avg. Volume26,900
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-0.26
Price to Sales (P/S)0.05
P/FCF Ratio0.50
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Free Cash Flow StrengthSustained TTM OCF (~$206M) and FCF (~$175M) provide durable internal funding to service interest, support working capital and fund capex. For a highly leveraged firm, ongoing strong cash conversion materially reduces refinancing pressure and improves operational resilience over the next 2–6 months.
Infrastructure Backlog And ScaleNear‑record DBMG backlog (~$1.6B reported / $1.8B adjusted) and strong Infrastructure revenue growth signal durable demand and multi‑period revenue visibility. The scale of the business supports repeatable project flow and operational leverage, making core earnings less cyclical over a medium horizon.
Improving Adjusted EBITDAA meaningful jump in adjusted EBITDA reflects improving cost structure and execution in core segments. Higher EBITDA margins, if sustained, translate to stronger cash generation and greater ability to narrow net losses, enhancing the company's capacity to de‑risk its balance sheet over several quarters.
Bears Say
Very High Leverage Vs. Thin EquityExtremely high debt relative to minimal equity leaves the company exposed to refinancing and covenant risk. Limited balance‑sheet flexibility constrains strategic choices, increases downside on earnings volatility, and elevates the probability that future cash needs require dilutive or costly financing.
Persistent Net Losses And Thin MarginsOngoing net losses and razor‑thin EBITDA margins provide little cushion against cost inflation or project underperformance. Even with revenue growth, limited margin expansion leaves earnings and free cash flow vulnerable, forcing continued reliance on operational improvement or external capital to achieve durable profitability.
Life Sciences Segment Weakness & Capital NeedA steep decline in Life Sciences revenue and explicit need for external capital create ongoing funding and execution risk. Smaller subsegments that require cash infusions can divert corporate liquidity, complicate capital allocation, and pressure consolidated results if they fail to scale as planned.
INNOVATE Corp News
VATE FAQ
What was INNOVATE Corp’s price range in the past 12 months?
INNOVATE Corp lowest stock price was $3.75 and its highest was $21.30 in the past 12 months.
What is INNOVATE Corp’s market cap?
INNOVATE Corp’s market cap is $123.19M.
When is INNOVATE Corp’s upcoming earnings report date?
INNOVATE Corp’s upcoming earnings report date is Aug 12, 2026 which is in 24 days.
How were INNOVATE Corp’s earnings last quarter?
INNOVATE Corp released its earnings results on May 14, 2026. The company reported -$1.289 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
Is INNOVATE Corp overvalued?
According to Wall Street analysts INNOVATE Corp’s price is currently Overvalued.
Does INNOVATE Corp pay dividends?
INNOVATE Corp pays a Notavailable dividend of $0.78 which represents an annual dividend yield of N/A. See more information on INNOVATE Corp dividends here
What is INNOVATE Corp’s EPS estimate?
INNOVATE Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does INNOVATE Corp have?
INNOVATE Corp has 13,641,866 shares outstanding.
What happened to INNOVATE Corp’s price movement after its last earnings report?
INNOVATE Corp reported an EPS of -$1.289 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -8.733%.
Which hedge fund is a major shareholder of INNOVATE Corp?
Currently, no hedge funds are holding shares in VATE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
INNOVATE Corp Stock Smart Score
Neutral
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Blogger Sentiment
Neutral
VATE Sentiment 50%
Sector Average 62%
Sector Average 62%
Hedge Fund Trend
Decreased
By 13.7K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
-7.61%
12-Months-Change
Fundamentals
Return on Equity
22.84%
Trailing 12-Months
Asset Growth
7.93%
Trailing 12-Months
Company Description
INNOVATE Corp
INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.
Technical Analysis
SUNation Energy
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Shimmick Corporation
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SKK Holdings Limited
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Ownership Overview
55.37% Insiders
3.14% Mutual Funds
0.45% Other Institutional Investors
37.63% Public Companies and
Individual Investors