EchoStar Corp (NASDAQ: SATS) is 37.54% higher on its value in year-to-date trading and has touched a low of $9.53 and a high of $30.08 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 $21.99 in the last trading session, with the day’s gains setting it 0.8%.
Currently trading at $22.79, the stock is -7.59% and -8.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.99 million and changing 3.64% at the moment leaves the stock 22.50% off its SMA200. SATS registered 127.67% gain for a year compared to 6-month gain of 29.56%. The firm has a 50-day simple moving average (SMA 50) of $24.7928 and a 200-day simple moving average (SMA200) of $18.60385.
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The stock witnessed a -10.77% loss in the last 1 month and extending the period to 3 months gives it a 28.61%, and is -11.70% 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 7.92% over the week and 4.73% over the month.
EchoStar Corp (SATS) has around 15300 employees, a market worth around $6.42B and $27.57B in sales. Profit margin for the company is -7.98%. Distance from 52-week low is 139.14% and -24.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.98%).
with sales reaching $3.95B over the same period.The EPS is expected to grow by 68.62% this year, but quarterly earnings will post -7.12% year-over-year. Quarterly sales are estimated to shrink -5.06% in year-over-year returns.
EchoStar Corp (SATS) Top Institutional Holders
363.0 institutions hold shares in EchoStar Corp (SATS), with institutional investors hold 95.47% of the company’s shares. The shares outstanding are 140.15M, and float is at 120.37M with Short Float at 9.71%. Institutions hold 81.12% 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 ERGEN CHARLES W, the company’s CHAIRMAN. SEC filings show that ERGEN CHARLES W bought 1,551,355 shares of the company’s common stock on Nov 12 ’24 at a price of $28.04 per share for a total of $43.5 million. Following the purchase, the insider now owns 1.55 million shares.
EchoStar Corp disclosed in a document filed with the SEC on Mar 08 ’24 that DEFRANCO JAMES (Director) bought a total of 110,000 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $13.48 per share for $1.48 million. Following the transaction, the insider now directly holds 0.31 million shares of the SATS stock.
Still, SEC filings show that on Mar 06 ’24, DEFRANCO JAMES (Director) acquired 70,000 shares at an average price of $13.14 for $0.92 million. The insider now directly holds 176,951 shares of EchoStar Corp (SATS).
