EchoStar Corporation (NASDAQ: SATS) is -26.11% lower on its value in year-to-date trading and has touched a low of $18.10 and a high of $30.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SATS stock was last observed hovering at around $19.80 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $42.00 for the next 12 months. It is also 67.0% off the consensus price target high of $59.00 offered by 2 analysts, but current levels are 22.12% higher than the price target low of $25.00 for the same period.
Currently trading at $19.47, the stock is 1.15% and -6.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing -1.67% at the moment leaves the stock -19.53% off its SMA200. SATS registered -14.98% loss for a year compared to 6-month loss of -19.58%.
The stock witnessed a -0.92% gain in the last 1 month and extending the period to 3 months gives it a -22.43%, and is 5.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.84% over the week and 2.86% over the month.
EchoStar Corporation (SATS) has around 2500 employees, a market worth around $1.63B and $2.00B in sales. Current P/E ratio is 20.03 and Fwd P/E is 40.14. Profit margin for the company is 4.30%. Distance from 52-week low is 7.57% and -36.99% from its 52-week high. The company has generated returns on investments over the last 12 months (2.00%).
EchoStar Corporation (SATS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for EchoStar Corporation (SATS) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
EchoStar Corporation is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 297.60% this year.
EchoStar Corporation (SATS) Top Institutional Holders
The shares outstanding are 85.85M, and float is at 34.91M with Short Float at 20.48%.
EchoStar Corporation (SATS) Insider Activity
A total of 3 insider transactions have happened at EchoStar Corporation (SATS) in the last six months, with sales accounting for 1 and purchases happening 2 times. The most recent transaction is an insider purchase by Dodge R Stanton,the company’sDirector. SEC filings show that Dodge R Stanton bought 20,500 shares of the company’s common stock on Mar 10 at a price of $24.17 per share for a total of $0.5 million. Following the purchase, the insider now owns 20583.0 shares.
EchoStar Corporation disclosed in a document filed with the SEC on Dec 02 that Wade William David (Director) bought a total of 443 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $27.03 per share for $11974.0. Following the transaction, the insider now directly holds 443.0 shares of the SATS stock.
EchoStar Corporation (SATS): Who are the competitors?
The company’s main competitors (and peers) include Gilat Satellite Networks Ltd. (GILT) that is trading -33.60% down over the past 12 months and DISH Network Corporation (DISH) that is -54.79% lower over the same period. Globalstar Inc. (GSAT) is -10.39% down on the 1-year trading charts.