INNOVATE Corp. VATE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
INNOVATE Corp. (VATE) Business Model and Operations Summary
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
Key Insights
INNOVATE Corp. (VATE) Core Market Data and Business Metrics
Latest Closing Price
$7.83Market Cap
$98.00 MillionAverage Daily Trade Volume
670,716 SharesPrice-Earnings Ratio
-3.32Total Outstanding Shares
13.26 Million SharesCEO
Mr. Paul Kenneth VoigtTotal Employees
4,024Dividend
No dividendIPO Date
July 13, 2009SIC Description
Fabricated Structural Metal ProductsPrimary Exchange
New York Stock ExchangeHeadquarters
295 Madison Avenue, New York, NY, 10017
Historical Stock Splits
If you bought 3,000 shares of VATE before May 22, 2020, you'd have 1 share today.
| Execution Date | Split Amount |
|---|---|
| August 9, 2024 | 1-for-10 (Reverse Split) |
| May 22, 2020 | 1-for-300 (Reverse Split) |
Income Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Diluted Average Shares | $12.97 Million |
| Operating Income/Loss | $5.90 Million |
| Net Income/Loss | $-16.20 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $300,000 |
| Selling, General, and Administrative Expenses | $37.40 Million |
| Operating Expenses | $42.30 Million |
Comprehensive Income
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $-1.10 Million |
| Comprehensive Income/Loss | $-15.20 Million |
| Other Comprehensive Income/Loss | $1 Million |
| Comprehensive Income/Loss Attributable To Parent | $-14.10 Million |
Balance Sheet
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Temporary Equity | $15.80 Million |
| Equity | $-141.10 Million |
| Inventory | $21 Million |
| Assets | $897.20 Million |
| Noncurrent Assets | $497.30 Million |
| Other Current Assets | $368.30 Million |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||