INNOVATE Corp (NYSE: VATE) stock enjoyed a major increase of 24.3% on 10/10/24. The shares closed at $4.86. Moreover, this advance was accompanied by unusually high trading volume at 163% of normal. The stock has risen 44.2% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
VATE's future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
INNOVATE is currently unrated.
Rating Review
The stock is currently unrated.