EchoStar Corp (NASDAQ:SATS) has a beta value of 0.78 and has seen 2.88 million shares traded in the last trading session. The company, currently valued at $7.25B, closed the last trade at $25.24 per share which meant it gained $0.09 on the day or 0.36% during that session. The SATS stock price is -28.68% off its 52-week high price of $32.48 and 41.4% above the 52-week low of $14.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.45 million shares traded. The 3-month trading volume is 3.46 million shares.
The consensus among analysts is that EchoStar Corp (SATS) is Strong Buy stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
EchoStar Corp (NASDAQ:SATS) trade information
Sporting 0.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SATS stock price touched $25.24 or saw a rise of 3.48%. Year-to-date, EchoStar Corp shares have moved 46.66%, while the 5-day performance has seen it change 0.52%. Over the past 30 days, the shares of EchoStar Corp (NASDAQ:SATS) have changed 20.48%. Short interest in the company has seen 11.97 million shares shorted with days to cover at 3.54.
Wall Street analysts have a consensus price target for the stock at $14.12, which means that the shares’ value could drop -78.75% from current levels. The projected low price target is $14.0 while the price target rests at a high of $14.25. In that case, then, we find that the current price level is 43.54% off the targeted high while a plunge would see the stock lose 44.53% from current levels.
EchoStar Corp (SATS) estimates and forecasts
The company’s shares have gained 13.44% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.68% over the past 5 years.
SATS Dividends
EchoStar Corp is expected to release its next earnings report on 2025-May-09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
EchoStar Corp (NASDAQ:SATS)’s Major holders
Insiders own 14.58% of the company shares, while shares held by institutions stand at 90.95% with a share float percentage of 106.48%. Investors are also buoyed by the number of investors in a company, with EchoStar Corp having a total of 401.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 19.18 million shares worth more than $341.68 million. As of 2024-06-30, BLACKROCK INC. held 7.0639% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 13.57 million shares as of 2024-06-30. The firm’s total holdings are worth over $241.69 million and represent 4.9967% of shares outstanding.
