EchoStar Corp (NASDAQ: SATS) is 59.57% higher on its value in year-to-date trading and has touched a low of $9.53 and a high of $24.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SATS stock was last observed hovering at around $24.27 in the last trading session, with the day’s gains setting it 2.17%.
Currently trading at $26.44, the stock is 32.72% and 36.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing 8.94% at the moment leaves the stock 64.46% off its SMA200. SATS registered 36.22% gain for a year compared to 6-month gain of 94.84%.
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The stock witnessed a 48.46% loss in the last 1 month and extending the period to 3 months gives it a 51.61%, and is 22.07% 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 6.78% over the week and 5.38% over the month.
EchoStar Corp (SATS) has around 15300 employees, a market worth around $7.18B and $24.09B in sales. Profit margin for the company is -8.53%. Distance from 52-week low is 177.44% and 8.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.84%).
The EPS is expected to grow by 69.86% this year.
EchoStar Corp (SATS) Top Institutional Holders
347.0 institutions hold shares in EchoStar Corp (SATS), with institutional investors hold 97.37% of the company’s shares. The shares outstanding are 140.15M, and float is at 119.99M with Short Float at 11.47%. Institutions hold 83.80% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.18 million shares valued at $341.68 million. The investor’s holdings represent 7.0658% of the SATS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.57 million shares valued at $241.69 million to account for 4.9981 of the shares outstanding. The other top investors are DODGE & COX which holds 13.56 million shares representing 4.9957% and valued at over $241.58 million, while REDWOOD CAPITAL MANAGEMENT, LLC holds 2.1788 of the shares totaling 5.92 million with a market value of $105.36 million.
EchoStar Corp (SATS) Insider Activity
The most recent transaction is an insider purchase by DEFRANCO JAMES, the company’s Director. SEC filings show that DEFRANCO JAMES bought 110,000 shares of the company’s common stock on Mar 08 ’24 at a price of $13.48 per share for a total of $1.48 million. Following the purchase, the insider now owns 0.31 million shares.
EchoStar Corp disclosed in a document filed with the SEC on Mar 06 ’24 that DEFRANCO JAMES (Director) bought a total of 70,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $13.14 per share for $0.92 million. Following the transaction, the insider now directly holds 0.18 million shares of the SATS stock.
Still, SEC filings show that on Mar 07 ’24, DEFRANCO JAMES (Director) acquired 20,000 shares at an average price of $13.44 for $0.27 million. The insider now directly holds 196,951 shares of EchoStar Corp (SATS).
