EchoStar Corp (NASDAQ: SATS): A Look At Its Value

During the last session, EchoStar Corp (NASDAQ:SATS)’s traded shares were 1.66 million, with the beta value of the company hitting 0.70. At the end of the trading day, the stock’s price was $13.59, reflecting an intraday gain of 4.22% or $0.55. The 52-week high for the SATS share is $24.80, that puts it down -82.49 from that peak though still a striking 29.87% gain since the share price plummeted to a 52-week low of $9.53. The company’s market capitalization is $3.69B, and the average intraday trading volume over the past 10 days was 1.25 million shares, and the average trade volume was 2.57 million shares over the past three months.

EchoStar Corp (NASDAQ:SATS) trade information

EchoStar Corp (SATS) registered a 4.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.22% in intraday trading to $13.59, hitting a weekly high. The stock’s 5-day price performance is 4.94%, and it has moved by 4.14% in 30 days. Based on these gigs, the overall price performance for the year is -25.70%. The short interest in EchoStar Corp (NASDAQ:SATS) is 15.63 million shares and it means that shorts have 7.29 day(s) to cover.

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EchoStar Corp (SATS) estimates and forecasts

Statistics show that EchoStar Corp has underperformed its competitors in share price, compared to the industry in which it operates. EchoStar Corp (SATS) shares have gone down -15.38% during the last six months, with a year-to-date growth rate less than the industry average at -182.84% against -15.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -140.00% this quarter and then drop -223.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $4.06 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $4.02 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $448 million and $452.2 million respectively. In this case, analysts expect current quarter sales to grow by 806.30% and then jump by 789.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -71.75%. While earnings are projected to return 81.48% in 2024.

SATS Dividends

EchoStar Corp is due to release its next quarterly earnings between May 06 and May 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

EchoStar Corp (NASDAQ:SATS)’s Major holders

EchoStar Corp insiders own 14.01% of total outstanding shares while institutional holders control 32.07%, with the float percentage being 37.29%. Blackrock Inc. is the largest shareholder of the company, while 251 institutions own stock in it. As of Jun 29, 2023, the company held over 4.44 million shares (or 12.29% of all shares), a total value of $77.06 million in shares.

The next largest institutional holding, with 3.43 million shares, is of Vanguard Group Inc’s that is approximately 9.49% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $59.51 million.

Also, the Mutual Funds coming in first place with the largest holdings of EchoStar Corp (SATS) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 1.11 million shares. This amounts to just over 3.06 percent of the company’s overall shares, with a $19.19 million market value. The same data shows that the other fund manager holds slightly less at 0.89 million, or about 2.45% of the stock, which is worth about $15.35 million.