In the last trading session, 15.82 million shares of the EchoStar Corp (NASDAQ:SATS) were traded, and its beta was 0.75. Most recently the company’s share price was $25.11, and it changed around $8.27 or 49.11% from the last close, which brings the market valuation of the company to $7.22B. SATS currently trades at a discount to its 52-week high of $32.48, offering almost -29.35% off that amount. The share price’s 52-week low was $14.79, which indicates that the current value has risen by an impressive 41.1% since then.
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 8 analysts rate the stock as a Sell; another 1 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 -1.0 for the current quarter.
EchoStar Corp (NASDAQ:SATS) trade information
Instantly SATS has showed a green trend with a performance of 49.11% 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 25.29 on recent trading dayincreased the stock’s daily price by 0.71%. The company’s shares are currently up 9.65% year-to-date, but still up 57.04% over the last five days. On the other hand, EchoStar Corp (NASDAQ:SATS) is 9.65% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $14.12, which translates to bulls needing to decrease their stock price by -77.83% 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 -2.50%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.82B in revenue for the current quarter. 6 analysts expect EchoStar Corp to make 3.81B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.95B and 3.89B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.28%. Forecasts for the next quarter put sales growth at -2.12%.
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 in July.
VANGUARD GROUP INC, with 4.9967% or 13.57 million shares worth $241.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
