In the last trading session, 1.69 million EchoStar Corp (NASDAQ:SATS) shares changed hands as the company’s beta touched 0.71. With the company’s per share price at $25.86 changed hands at -$0.44 or -1.67% during last session, the market valuation stood at $7.41B. SATS’s last price was a discount, traded about -25.6% off its 52-week high of $32.48. The share price had its 52-week low at $12.36, which suggests the last value was 52.2% up since then. When we look at EchoStar Corp’s average trading volume, we note the 10-day average is 2.42 million shares, with the 3-month average coming to 1.89 million.
Analysts gave the EchoStar Corp (SATS) stock a consensus recommendation rating of Strong Buy, calculated at a mean rating of 2.43. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended SATS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. EchoStar Corp’s EPS for the current quarter is expected to be -0.69.
EchoStar Corp (NASDAQ:SATS) trade information
Instantly SATS was in red as seen at the end of in last trading. With action -2.42%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 12.93%, with the 5-day performance at -2.42% in the red. However, in the 30-day time frame, EchoStar Corp (NASDAQ:SATS) is -11.62% down. Looking at the short shares, we see there were 16.03 million shares sold at short interest cover period of 9.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14.12, meaning bulls need a downside of -83.14% from its current market value. According to analyst projections, SATS’s forecast low is 14 with 14.25 as the target high. To hit the forecast high, the stock’s price needs a 44.9% surge from its current level, while the stock would need to tank 45.86% for it to hit the projected low.
EchoStar Corp (SATS) estimates and forecasts
Year-over-year growth is forecast to reach -1.91% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.87B. 3 analysts are of the opinion that EchoStar Corp’s revenue for the current quarter will be 3.85B. The company’s revenue for the corresponding quarters a year ago was 4.01B and 3.95B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.48%. The estimates for the next quarter sales put growth at -2.53%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.68%. The 2025 estimates are for EchoStar Corp earnings to decrease by -524.13%.
SATS Dividends
EchoStar Corp is expected to release its next quarterly earnings report on 2025-Feb-26.
EchoStar Corp (NASDAQ:SATS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.61% of EchoStar Corp shares while 93.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 107.89%. There are 93.20% institutions holding the EchoStar Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.0658% of the shares, roughly 19.18 million SATS shares worth $341.68 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.9981% or 13.57 million shares worth $241.69 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Stock Fund and iShares Core S&P Smallcap ETF . With 9.3 shares estimated at $240.53 million under it, the former controlled 6.00% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 4.99% of the shares, roughly 7.75 shares worth around $200.31 million.
