In the last trading session, 0.99 million shares of the EchoStar Corp (NASDAQ:SATS) were traded, and its beta was 0.70. Most recently the company’s share price was $26.70, and it changed around -$0.18 or -0.67% from the last close, which brings the market valuation of the company to $7.65B. SATS currently trades at a discount to its 52-week high of $32.48, offering almost -21.65% off that amount. The share price’s 52-week low was $12.66, which indicates that the current value has risen by an impressive 52.58% since then. We note from EchoStar Corp’s average daily trading volume that its 10-day average is 3.91 million shares, with the 3-month average coming to 2.24 million.
EchoStar Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended SATS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. EchoStar Corp is expected to report earnings per share of -0.8 for the current quarter.
EchoStar Corp (NASDAQ:SATS) trade information
Instantly SATS has showed a red trend with a performance of -0.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.38 on recent trading dayincreased the stock’s daily price by 2.48%. The company’s shares are currently up 16.59% year-to-date, but still up 3.25% over the last five days. On the other hand, EchoStar Corp (NASDAQ:SATS) is -7.93% down in the 30-day period. We can see from the shorts that 16.03 million shares have been sold at a short interest cover period of 9.64 day(s).
The consensus price target as assigned by Wall Street analysts is $14.12, which translates to bulls needing to decrease their stock price by -89.09% from its current value. Analyst projections state that SATS is forecast to be at a low of $14 and a high of $14.25.
EchoStar Corp (SATS) estimates and forecasts
The year-over-year growth rate is expected to be -2.36%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 3.87B in revenue for the current quarter. 4 analysts expect EchoStar Corp to make 3.84B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.01B and 3.95B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.58%. Forecasts for the next quarter put sales growth at -2.82%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.68%.
SATS Dividends
EchoStar Corp’s next quarterly earnings report is expected to be released on 2025-Feb-26.
EchoStar Corp (NASDAQ:SATS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.69% of EchoStar Corp shares, and 93.14% of them are in the hands of institutional investors. The stock currently has a share float of 107.92%. EchoStar Corp stock is held by 370.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.0639% of the shares, which is about 19.18 million shares worth $341.68 million.
VANGUARD GROUP INC, with 4.9981% or 13.57 million shares worth $241.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and iShares Core S&P Small-Cap ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 9.3 shares worth $248.35 million, making up 6.00% of all outstanding shares. On the other hand, iShares Core S&P Small-Cap ETF held roughly 7.7 shares worth around $205.62 million, which represents about 4.97% of the total shares outstanding.
