Innovate Corp (NYSE:VATE) – Experts See The Stock A Different Way Today

In today’s recent session, 10.51 million shares of the Innovate Corp (NYSE:VATE) have been traded, and its beta is 2.15. Most recently the company’s share price was $7.27, and it changed around $2.16 or 42.29% from the last close, which brings the market valuation of the company to $96.43M. VATE at last check was trading at a discount to its 52-week high of $10.80, offering almost -48.56% off that amount. The share price’s 52-week low was $3.25, which indicates that the recent value has risen by an impressive 55.3% since then. We note from Innovate Corp’s average daily trading volume that its 10-day average is 22080.0 shares, with the 3-month average coming to 51.24K.

Innovate Corp (NYSE:VATE) trade information

Instantly VATE has been showing a green trend so far today with a performance of 42.29% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.64 on recent trading dayincreased the stock’s daily price by 15.86%. The company’s shares are currently up 47.19% year-to-date, but still up 53.40% over the last five days. On the other hand, Innovate Corp (NYSE:VATE) is 27.34% up in the 30-day period. We can see from the shorts that 0.3 million shares have been sold at a short interest cover period of 9.21 day(s).

VATE Dividends

Innovate Corp’s next quarterly earnings report is expected to be released in February.

Innovate Corp (NYSE:VATE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 59.56% of Innovate Corp shares, and 18.80% of them are in the hands of institutional investors. The stock currently has a share float of 46.49%. Innovate Corp stock is held by 43.0 institutions, with JEFFERIES FINANCIAL GROUP INC. being the largest institutional investor. By 2024-06-30, it held 8.9047% of the shares, which is about 7.01 million shares worth $4.24 million.

GENDELL JEFFREY L, with 5.17% or 4.07 million shares worth $2.46 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 161.86 shares worth $1.18 million, making up 1.22% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 89.14 shares worth around $0.65 million, which represents about 0.67% of the total shares outstanding.