Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
Innovate Corp (VATE)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/10/2025: VATE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
0 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
Analysis of Past Performance
Type Stock | Historic Profit -58% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/10/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 71.20M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.78 | 52 Weeks Range 3.25 - 13.79 | Updated Date 06/29/2025 |
52 Weeks Range 3.25 - 13.79 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.76 |
Earnings Date
Report Date 2025-06-13 | When After Market | Estimate - | Actual -1.292 |
Profitability
Profit Margin -3.91% | Operating Margin (TTM) 1.24% |
Management Effectiveness
Return on Assets (TTM) 2.8% | Return on Equity (TTM) -19.13% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 756098048 | Price to Sales(TTM) 0.07 |
Enterprise Value 756098048 | Price to Sales(TTM) 0.07 | ||
Enterprise Value to Revenue 0.71 | Enterprise Value to EBITDA 10.14 | Shares Outstanding 13283200 | Shares Floating 4008875 |
Shares Outstanding 13283200 | Shares Floating 4008875 | ||
Percent Insiders 60.37 | Percent Institutions 19.94 |
Upturn AI SWOT
Innovate Corp
Company Overview
History and Background
Innovate Corp, formerly known as HC2 Holdings, Inc., is a diversified holding company with a history of acquiring and operating businesses across various industries. Founded in 1993 as Primus Telecommunications Group, Inc., it underwent several transformations before evolving into Innovate Corp.
Core Business Areas
- Life Sciences: Focuses on the development and commercialization of innovative healthcare solutions and products, including bio-therapeutics.
- Infrastructure: Provides critical infrastructure services, with a focus on construction, marine services, and other related sectors.
- Spectrum: Manages a portfolio of wireless spectrum licenses.
Leadership and Structure
Innovate Corp is led by a board of directors and executive management team. The company operates with a decentralized structure, granting autonomy to its individual business units.
Top Products and Market Share
Key Offerings
- Panacea Life Sciences: Focused on producing natural medicines and cannabinoids. Market share data not publicly available. Competitors include Charlotte's Web Holdings, Canopy Growth, and Cronos Group.
- DDK Infrastructure: Provides underwater infrastructure inspection, repair and maintenance services. Market share data not publicly available. Competitors include Oceaneering International, Subsea 7, and TechnipFMC.
- Spectrum Assets: Portfolio of wireless spectrum licenses. Valuation data varies depending on usage and sale prices. Competitors include Verizon, AT&T and T-Mobile.
Market Dynamics
Industry Overview
The industries in which Innovate Corp operates (Life Sciences, Infrastructure, and Spectrum) are diverse and subject to varying market conditions. Life Sciences faces regulatory hurdles and competitive pressures. Infrastructure benefits from government spending and aging infrastructure. Spectrum is driven by demand for wireless data.
Positioning
Innovate Corp occupies a niche position within each of its operating segments. Its competitive advantages include its diversified business model and its ability to acquire and improve underperforming assets.
Total Addressable Market (TAM)
TAM is estimated to be multi-billion across all of the industries, and Innovate is positioned to take advantage of the diverse business segments.
Upturn SWOT Analysis
Strengths
- Diversified business model
- Experienced management team
- Ability to acquire and improve underperforming assets
- Valuable spectrum assets
Weaknesses
- High debt levels
- Complex organizational structure
- Lack of consistent profitability
- Dependence on acquisitions for growth
Opportunities
- Growing demand for wireless data
- Increased government spending on infrastructure
- Expansion into new Life Sciences markets
- Strategic acquisitions
Threats
- Economic downturn
- Increased competition
- Regulatory changes
- Technological disruption
Competitors and Market Share
Key Competitors
- OCE
- FTI
- CWBHF
- WEED
- CRON
Competitive Landscape
Innovate Corp faces competition from larger, more established players in each of its industries. Its success depends on its ability to execute its strategic initiatives and differentiate itself from its competitors.
Major Acquisitions
Panacea Life Sciences
- Year: 2019
- Acquisition Price (USD millions): 16.5
- Strategic Rationale: Diversify into the Life Sciences market and capitalize on the growing demand for CBD products.
Growth Trajectory and Initiatives
Historical Growth: Innovate Corp's growth has been primarily driven by acquisitions. Organic growth has been more challenging to achieve.
Future Projections: Future projections not publicly available in a structured format. Analyst estimates vary depending on the company's strategic direction.
Recent Initiatives: Recent initiatives include restructuring efforts, divestitures of non-core assets, and investments in growth opportunities.
Summary
Innovate Corp is a diversified holding company navigating complex industries. Its strength lies in strategic acquisitions and valuable spectrum assets, however high debt and inconsistent profitability pose challenges. The company needs to improve operational efficiency and focus on sustainable organic growth. Future success depends on executing strategic initiatives and adapting to market changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Market research reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Innovate Corp
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2009-07-13 | CEO - | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 3135 | Website https://www.innovatecorp.com |
Full time employees 3135 | Website https://www.innovatecorp.com | ||
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
