EchoStar Corp (NASDAQ:SATS) price on Friday, December 27, fall -2.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $22.57.
A look at the stock’s price movement, the close in the last trading session was $23.07, moving within a range at $22.41 and $23.04. The beta value (5-Year monthly) was 0.708. Turning to its 52-week performance, $30.08 and $11.83 were the 52-week high and 52-week low respectively. Overall, SATS moved -9.25% over the past month.
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EchoStar Corp’s market cap currently stands at around $6.14 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 3.94B for the company’s revenue for the quarter, with a low and high estimate of 3.88B and 4B respectively. The average forecast suggests down to a -5.35% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 15.8B, representing a -7.15% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SATS is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend SATS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SATS’s current price about -3.95% and -6.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.32, while 7-day volatility ratio is 3.26% and 3.69% in the 30-day chart. Further, EchoStar Corp (SATS) has a beta value of 0.70, and an average true range (ATR) of 0.98. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $14 and high of $14. Looking at the price targets, the low is 37.97% off current price level while to achieve the yearly target high, price needs to move 37.97%. Nonetheless, investors will most likely welcome a 37.97% jump to $14 which is the analysts’ median price.
If we refocus on EchoStar Corp (NASDAQ:SATS), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 1.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 140.48 million shares.
The 56.28% of EchoStar Corp’s shares are in the hands of company insiders while institutional holders own 41.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.57 million on 2024-11-29, giving us a short ratio of 6.69. The data shows that as of 2024-11-29 short interest in EchoStar Corp (SATS) stood at 1107.0 of shares outstanding, with shares short rising to 11.69 million registered in 2024-10-31. Current price change has pushed the stock 36.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SATS stock continues to rise going into the next quarter.
