EchoStar Corp (SATS) Shares on the Rise: Short-term Analysis

At the time of writing, EchoStar Corp [SATS] stock is trading at $25.39, up 5.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SATS shares have gain 5.40% over the last week, with a monthly amount glided 17.22%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

EchoStar Corp [NASDAQ: SATS] stock has seen the most recent analyst activity on October 01, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, JP Morgan downgraded its rating to Underweight on August 12, 2024, and kept the price target unchanged to $12. On January 17, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $18 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $28 on August 07, 2023. Raymond James downgraded its rating to a Outperform and reduced its price target to $27 on November 04, 2022. Citigroup downgraded its rating to Neutral for this stock on October 04, 2019, and downed its price target to $44. In a note dated May 17, 2019, Daiwa Securities downgraded an Neutral rating on this stock.

For the past year, the stock price of EchoStar Corp fluctuated between $9.53 and $30.08. Currently, Wall Street analysts expect the stock to reach $14.13 within the next 12 months. EchoStar Corp [NASDAQ: SATS] shares were valued at $25.39 at the most recent close of the market. An investor can expect a potential drop of -44.35% based on the average SATS price forecast.

Analyzing the SATS fundamentals

According to EchoStar Corp [NASDAQ:SATS], the company’s sales were 24.09B for trailing twelve months, which represents an 772.36% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.13 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.35 points at the first support level, and at 23.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.13, and for the 2nd resistance point, it is at 26.86.

Ratios To Look Out For

It is important to note that EchoStar Corp [NASDAQ:SATS] has a current ratio of 0.40. In addition, the Quick Ratio stands at 0.32 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.35.

Transactions by insiders

Recent insider trading involved DEFRANCO JAMES, Director, that happened on Mar 08 ’24 when 0.11 million shares were purchased. Director, DEFRANCO JAMES completed a deal on Mar 06 ’24 to buy 70000.0 shares. Meanwhile, Director DEFRANCO JAMES bought 20000.0 shares on Mar 07 ’24.

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