In last trading session, INNOVATE Corp. (NYSE:VATE) saw 1.07 million shares changing hands with its beta currently measuring 2.30. Company’s recent per share price level of $1.73 trading at $0.12 or 7.45% at ring of the bell on the day assigns it a market valuation of $146.41M. That closing price of VATE’s stock is at a discount of -104.05% from its 52-week high price of $3.53 and is indicating a premium of 63.01% from its 52-week low price of $0.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 279.14K if we extend that period to 3-months.
For INNOVATE Corp. (VATE), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
INNOVATE Corp. (NYSE:VATE) trade information
Upright in the green during last session for gaining 7.45%, in the last five days VATE remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $1.73 price level, adding 0.57% to its value on the day. INNOVATE Corp.’s shares saw a change of -7.49% in year-to-date performance and have moved 17.69% in past 5-day. INNOVATE Corp. (NYSE:VATE) showed a performance of 4.22% in past 30-days. Number of shares sold short was 3.52 million shares which calculate 25.76 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.00 to the stock, which implies a rise of 65.4% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $5.00. It follows that stock’s current price would drop -189.02% in reaching the projected high whereas dropping to the targeted low would mean a loss of -189.02% for stock’s current value.
INNOVATE Corp. (VATE) estimates and forecasts
This year revenue growth is estimated to fall -48.50% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $248.1 million for the same. And 1 analysts are in estimates of company making revenue of $251.7 million in the next quarter that will end on Mar 2021. Company posted $498.4 million and $444.8 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -50.20% while estimating it to be -43.40% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.60% during past 5 years.
INNOVATE Corp. is more likely to be releasing its next quarterly report between October 31 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.