In the latest session, Innovate Corp (NYSE: VATE) closed at $0.70 down -2.68% from its previous closing price of $0.72. In other words, the price has decreased by -$0.0193 from its previous closing price. On the day, 174153 shares were traded.
Ratios:
For a deeper understanding of Innovate Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.25.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Sena Michael J. sold 21,471 shares for $0.62 per share. The transaction valued at 13,349 led to the insider holds 1,057,347 shares of the business.
Sena Michael J. sold 11,675 shares of VATE for $8,004 on Mar 14 ’24. The CFO and Corporate Secretary now owns 1,078,818 shares after completing the transaction at $0.69 per share. On May 23 ’23, another insider, BARR WAYNE JR, who serves as the President and CEO of the company, bought 5,000 shares for $1.48 each. As a result, the insider paid 7,400 and bolstered with 436,660 shares of the company.
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 57.05M and an Enterprise Value of 748.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is 10.72.
Stock Price History:
The Beta on a monthly basis for VATE is 2.10, which has changed by -75.26% over the last 52 weeks, in comparison to a change of 29.57% over the same period for the S&P500. Over the past 52 weeks, VATE has reached a high of $3.10, while it has fallen to a 52-week low of $0.57. The 50-Day Moving Average of the stock is 0.8484, while the 200-Day Moving Average is calculated to be 1.2998.
Shares Statistics:
For the past three months, VATE has traded an average of 234.76K shares per day and 367.83k over the past ten days. A total of 79.81M shares are outstanding, with a floating share count of 60.54M. Insiders hold about 40.57% of the company’s shares, while institutions hold 26.65% stake in the company. Shares short for VATE as of Mar 15, 2024 were 5.12M with a Short Ratio of 21.80, compared to 4.2M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.46% and a Short% of Float of 11.35%.
Earnings Estimates
There are 0 different market analysts currently analyzing its stock. 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
A total of 1 analysts believe the company’s revenue will be $248.1M this 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.
