EchoStar Corp (NASDAQ:SATS) currently has a daily average trading volume of 1.93M but it saw 1169082 shares traded in last market. With a market cap of 6.52B USD, the company’s current market price of $24.00 came falling about -2.24 while comparing to the previous closing price of $24.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.08 and as low as $10.91. In the recent trading on the day, stock has struck highest price mark of $23.82 while lowest mark touched by it was $24.72.
Taking a look at 20-day trading activity of EchoStar Corp (SATS) gives us an average price of $24.27, while its current price level is -20.21% below from 52-week high level whereas it is 119.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $24.75 while that of 200 days or SMA-200 reads an average of $19.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.52% during that period while stretching the period over a month that increases to 5.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.72 which implies that the stock is in neutral territory.
JP Morgan downgraded its recommendation for the stock as a “Underweight” from “Neutral” on August 12, 2024 while assigning a price target of $12. JP Morgan issued its recommendations for the stock as it initiated the price target for the stock is $18.
Over the week, SATS’s stock price is moving -3.50% down while it is -1.11% when we observe its performance for the past one month. Year-to-date it is 44.84% up and over the past year, the stock is showing an upside performance of 112.77%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -6.8 beaten by the consensus estimate of 0.03 for the same. The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.54 while estimate for next year EPS is -2.21. In next quarter, company is expected to be making quarterly sales of $3.84B as analysts are expecting the sales for current fiscal year at $15.83B and seeing the company making $15.61B in sales next year. Moreover, analysts are in estimates of $3.94B for current-quarter revenue.
Currently, EchoStar Corp’s total number of outstanding shares is 140.48M. Company’s return on investment (ROI) stands at -4.98% and return on equity (ROE) at -19.12%. Stock’s beta reads 0.69. Stock has a price to book (P/B) ratio of 0.34 while price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -6.90% on average.
