Innovate Corp (NYSE: VATE) closed the day trading at $0.78 up 7.62% from the previous closing price of $0.73. In other words, the price has increased by $+0.0555 from its previous closing price. On the day, 796462 shares were traded.
Ratios:
For a better understanding of VATE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 0.99.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 when BARR WAYNE JR bought 5,000 shares for $1.48 per share. The transaction valued at 7,400 led to the insider holds 436,660 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VATE now has a Market Capitalization of 57.75M and an Enterprise Value of 816.75M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04. Its current Enterprise Value per Revenue stands at 0.56 whereas that against EBITDA is 12.08.
Stock Price History:
Over the past 52 weeks, VATE has reached a high of $3.53, while it has fallen to a 52-week low of $0.69. The 50-Day Moving Average of the stock is 1.0010, while the 200-Day Moving Average is calculated to be 1.3721.
Shares Statistics:
Over the past 3-months, VATE traded about 164.37K shares per day on average, while over the past 10 days, VATE traded about 214.7k shares per day. A total of 78.79M shares are outstanding, with a floating share count of 47.41M. Insiders hold about 40.16% of the company’s shares, while institutions hold 34.27% stake in the company. Shares short for VATE as of Feb 15, 2024 were 4.2M with a Short Ratio of 25.56, compared to 4.06M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.30% and a Short% of Float of 9.32%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.66. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
1 analysts predict $248.1M in revenue for the current quarter. It ranges from a high estimate of $250M to a low estimate of $250M. As of the current estimate, Innovate Corp’s year-ago sales were $498.4M, an estimated decrease of -50.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $251.7M, a decrease of -43.40% over than the figure of -$50.20% in the same quarter last year. There is a high estimate of $251.7M for the next quarter, whereas the lowest estimate is $251.7M.
A total of 1 analysts have provided revenue estimates for VATE’s current fiscal year. The highest revenue estimate was $1.47B, while the lowest revenue estimate was $1.47B, resulting in an average revenue estimate of $1.02B. In the same quarter a year ago, actual revenue was $1.98B, down -48.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $1.09B in the next fiscal year. The high estimate is $1.09B and the low estimate is $1.09B. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.
