Things appear to be looking up for EchoStar Corp (SATS)

EchoStar Corp (NASDAQ: SATS) is -21.54% lower on its value in year-to-date trading and has touched a low of $9.53 and a high of $24.80 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 $13.52 in the last trading session, with the day’s loss setting it -0.52%.

Currently trading at $13.00, the stock is -10.41% and -6.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -3.85% at the moment leaves the stock -17.93% off its SMA200. SATS registered -24.33% loss for a year compared to 6-month loss of -43.50%. The firm has a 50-day simple moving average (SMA 50) of $1.76 and a 200-day simple moving average (SMA200) of $5.19.

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The stock witnessed a -19.15% gain in the last 1 month and extending the period to 3 months gives it a 28.84%, and is -0.84% down 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 4.90% over the week and 6.04% over the month.

Current P/E ratio is 11.66. Profit margin for the company is 5.14%. Distance from 52-week low is 36.41% and -47.58% from its 52-week high. The company has generated returns on investments over the last 12 months (1.78%).

EchoStar Corp quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $3.75B over the same period.The EPS is expected to shrink by -74.94% this year, but quarterly earnings will post 689.80% year-over-year. Quarterly sales are estimated to grow 650.90% in year-over-year returns.

EchoStar Corp (SATS) Top Institutional Holders

238 institutions hold shares in EchoStar Corp (SATS), with institutional investors hold 24.93% of the company’s shares. The shares outstanding are 271.41M, and float is at 120.51M with Short Float at 12.96%. Institutions hold 22.28% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.44 million shares valued at $77.06 million. The investor’s holdings represent 12.29% of the SATS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.43 million shares valued at $59.51 million to account for 9.49% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.27 million shares representing 6.28% and valued at over $39.38 million, while Quaker Capital Investments, LLC holds 5.86% of the shares totaling 2.12 million with a market value of $36.74 million.

EchoStar Corp (SATS) Insider Activity

A total of 0 insider transactions have happened at EchoStar Corp (SATS) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by SCHROEDER C MIKE,the company’sDirector. SEC filings show that SCHROEDER C MIKE sold 3,020 shares of the company’s common stock on Dec 13 at a price of $12.29 per share for a total of $37120.0. Following the sale, the insider now owns 0.0 shares.

EchoStar Corp (SATS): Who are the competitors?

The company’s main competitors (and peers) include Gilat Satellite Networks Ltd. (GILT) that is trading 15.43% up over the past 12 months. Globalstar Inc. (GSAT) that is 42.50% higher over the same period.