On 11/4/24, INNOVATE Corp (NYSE: VATE) stock suffered a major decline of -16.6%, closing at $4.94. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -21.3% during the last week.
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.
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