In last trading session, EchoStar Corp (NASDAQ:SATS) saw 0.87 million shares changing hands with its beta currently measuring 0.71. Company’s recent per share price level of $20.31 trading at $0.65 or 3.31% at ring of the bell on the day assigns it a market valuation of $5.51B. That closing price of SATS’s stock is at a discount of -22.11% from its 52-week high price of $24.80 and is indicating a premium of 53.08% from its 52-week low price of $9.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.03 million shares which gives us an average trading volume of 1.23 million if we extend that period to 3-months.
For EchoStar Corp (SATS), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.25 in the current quarter.
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EchoStar Corp (NASDAQ:SATS) trade information
Upright in the green during last session for gaining 3.31%, in the last five days SATS remained trading in the green while hitting it’s week-highest on Friday, 07/26/24 when the stock touched $20.31 price level, adding 1.65% to its value on the day. EchoStar Corp’s shares saw a change of 22.57% in year-to-date performance and have moved 5.23% in past 5-day. EchoStar Corp (NASDAQ:SATS) showed a performance of 15.53% in past 30-days. Number of shares sold short was 15.12 million shares which calculate 14.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14.25 to the stock, which implies a fall of -42.53% to its current value. Analysts have been projecting 14.25 as a low price target for the stock while placing it at a high target of 14.25. It follows that stock’s current price would jump 29.84% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.84% for stock’s current value.
EchoStar Corp (SATS) estimates and forecasts
Statistics highlight that EchoStar Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 45.38% of value to its shares in past 6 months, showing an annual growth rate of -211.94% while that of industry is -15.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.30% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.98B for the same. And 5 analysts are in estimates of company making revenue of 3.91B in the next quarter. Company posted 452.2M and 413.07M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -71.75% during past 5 years.
SATS Dividends
EchoStar Corp is more likely to be releasing its next quarterly report 2024-Aug-06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
EchoStar Corp (NASDAQ:SATS)’s Major holders
Insiders are in possession of 13.95% of company’s total shares while institution are holding 81.67 percent of that, with stock having share float percentage of 94.91%. Investors also watch the number of corporate investors in a company very closely, which is 81.67% institutions for EchoStar Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SATS for having 19.57 million shares of worth $278.89 million. And as of 2024-03-31, it was holding 7.226 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 13.71 million shares on 2024-03-31. The number of shares represents firm’s hold over 5.0612 of outstanding shares, having a total worth of $195.34 million.
On the other hand, Dodge & Cox Stock Fund and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 9.31 shares of worth $189.1 million or 6.64% of the total outstanding shares. The later fund manager was in possession of 7.81 shares on Jun 30, 2024 , making its stake of worth around $158.62 million in the company or a holder of 5.57% of company’s stock.
