Innovate Corp (NYSE:VATE) has a beta value of 2.49 and has seen 96208.0 shares traded in the last trading session. The company, currently valued at $169.46M, closed the last trade at $12.78 per share which meant it lost -$0.61 on the day or -4.56% during that session. The VATE stock price is -5.63% off its 52-week high price of $13.50 and 74.57% above the 52-week low of $3.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.14 million shares traded. The 3-month trading volume is 630.12K shares.
Innovate Corp (NYSE:VATE) trade information
Sporting -4.56% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VATE stock price touched $12.78 or saw a rise of 7.32%. Year-to-date, Innovate Corp shares have moved 158.70%, while the 5-day performance has seen it change 7.58%. Over the past 30 days, the shares of Innovate Corp (NYSE:VATE) have changed 163.51%. Short interest in the company has seen 0.55 million shares shorted with days to cover at 0.32.
Innovate Corp (VATE) estimates and forecasts
The company’s shares have gained 153.57% over the past 6 months.
VATE Dividends
Innovate Corp is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Innovate Corp (NYSE:VATE)’s Major holders
Insiders own 59.56% of the company shares, while shares held by institutions stand at 21.21% with a share float percentage of 52.45%. Investors are also buoyed by the number of investors in a company, with Innovate Corp having a total of 39.0 institutions that hold shares in the company. The top two institutional holders are JEFFERIES FINANCIAL GROUP INC. with over 7.01 million shares worth more than $4.24 million. As of 2024-06-30, JEFFERIES FINANCIAL GROUP INC. held 8.9047% of shares outstanding.
The other major institutional holder is GENDELL JEFFREY L, with the holding of over 4.07 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.46 million and represent 5.17% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 1.22% shares in the company for having 161.86 shares of worth $2.07 million while later fund manager owns 89.14 shares of worth $1.14 million as of Sep 30, 2024, which makes it owner of about 0.67% of company’s outstanding stock.
