Innovate Corp (NYSE:VATE) does about 51.24K shares in volume on a normal day but saw 30918504 shares change hands in the recent trading day. The company now has a market cap of 126.26M USD. Its current market price is $9.52, marking an increase of 86.30% compared to the previous close of $5.11. The 52 week high reached by this stock is $10.80 whilst the lowest price level in 52 weeks is $3.25.
Innovate Corp (VATE) has a 20-day trading average at $5.38 and the current price is -11.85% off the 52-week high compared with 192.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.30 and its 200-day simple moving average is $5.57. If we look at the stock’s price movements over the week, volatility stands at 16.87%, which decreases to 10.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.87 to suggest the stock is overbought.
The consensus objective for the share price is $8.49, suggesting that the stock has a potential downside of -12.13% over the period.
The current price level is 77.10%, 79.55%, and 71.05% away from its SMA20, SMA50, and SMA200 respectively, with the VATE price moving below the 50-day SMA on current market day. Innovate Corp (VATE) stock is up 100.84% over the week and 66.73% over the past month. Its price is 92.71% year-to-date and 3.48% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -12.13 percent from here.
Outstanding shares total 13.17M with insiders holding 59.56% of the shares and institutional holders owning 18.80% of the company’s common stock. The company has a return on investment of -7.15%. The beta has a value of 2.15. Price to sales ratio is 0.10.
