Momentum Is Strong For Innovate Corp (NYSE: VATE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NYSE-listed company operates within the Engineering & Construction industry segment, falling under the Industrials sector. The current market capitalization of Innovate Corp is $137.65M. A total of 1.71 million shares were traded on the day, compared to an average of 560.60K shares.

In the most recent transaction, Voigt Paul bought 25,000 shares of VATE for 3.98 per share on Nov 19 ’24. After the transaction, the Interim CEO now owns 25,000 company shares. In a previous transaction on Sep 12 ’24, Voigt Paul bought 43,785 shares at 3.80 per share. VATE shares that Interim CEO owns now total 211,655.

Among the insiders who bought shares, Voigt Paul acquired of 176 shares on Jun 14 ’24 at a per-share price of $0.60. This resulted in the Interim CEO holding 1,678,695 shares of VATE after the transaction. In another insider transaction, Voigt Paul bought 8,826 shares at $0.60 per share on Jun 11 ’24. Company shares held by the Interim CEO now total 1,671,489.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, VATE has a high of $10.95 and a low of $3.25.

As of this writing, VATE has an earnings estimate of $0 per share for the current quarter.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VATE’s latest balance sheet shows that the firm has $45.50M in Cash & Short Term Investments as of fiscal 2021. There were $684.80M in debt and $439.50M in liabilities at the time. Its Book Value Per Share was -$12.39, while its Total Shareholder’s Equity was -$56.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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