INNOVATE Corp.

NYQ: VATE
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📈 ZcoreAI Score

Our AI model analyzes INNOVATE Corp.'s price action across multiple timeframes using regression channels and statistical scoring.

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About INNOVATE Corp.

Industrials Engineering & Construction
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

📊 Fundamental Analysis

INNOVATE Corp. demonstrates a profit margin of -4.9%, which is below the sector average, suggesting competitive pressure.

The company recently reported 61.8% revenue growth, which is well above average for the Industrials sector.

At a current price of $8.56, VATE currently trades near the top of its 52-week range (90%) (Range: $3.75 - $9.08).

🏥 Financial Health

🔴 Profit Margin Weak
Revenue Growth Excellent
🔴 Beta (Risk) High Volatility

Key Financials

Market Cap
$116.89M
Trailing P/E
--
Forward P/E
--
Beta (5Y)
1.54
52W High
$9.08
52W Low
$3.75
Avg Volume
25K
Day High
Day Low
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