DISH Network Corporation (DISH): A Technical View

As of Friday close, DISH Network Corporation’s (NASDAQ:DISH) stock was up $0.85, moving up 4.25 percent to $20.86. The average number of shares traded per day over the past five days has been 11,323,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.36 fall in that time frame. In the last twenty days, the average volume was 5,648,925, while in the previous 50 days, it was 3,507,060.

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Since last month, DISH stock retreated -35.08%. Shares of the company fell to $17.04 on 05/12/22, the lowest level in the past month. A 52-week high of $46.31 was reached on 01/12/22 after having rallying from a 52-week low of $17.04. Since the beginning of this year, DISH’s stock price has dropped by -35.70% or -$11.58, and marked a new high 7 times. However, the stock has declined by -54.96% since its 52-week high.

DISH Network Corporation (DISH) last reported insider trading activity 243 days ago on Sep 13. Scott David A., the EVP & CHIEF HR OFFICER of the company, disposed of 500 shares for $44.21 on Sep 13. It resulted in a $22,105 divestment by the insider.

Valuation Metrics

Right now, DISH Network Corporation (DISH) has a P/E ratio of about 5.50. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 0.69, and the price-to-cash flow ratio of 7.14 may also be considered.

Financial Health

In the three months ended September 29, DISH Network Corporation’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.12, and the total debt-to-equity ratio was 1.34. On the profitability front, the trailing twelve-month gross margin is 34.40% percent. In the year ended September 29, operating margins totaled 16.20%. Based on annual data, DISH earned $6.14 billion in gross profit and brought in $17.88 billion in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DISH’s revenue fell -5.24% to $4.36 billion during the quarter, while net income inched up to $4.33 billion. While analysts expected DISH Network Corporation to report $0.91 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by -3.30%. During the quarter, the company generated $726.7 million in EBITDA. The liabilities of DISH Network Corporation were 33.22 billion at the end of its most recent quarter ended September 29, and its total debt was $17.08 billion. The value of shareholders’ equity is $530.0 million.

Technical Picture

This quick technical analysis looks at DISH Network Corporation’s (DISH) price momentum. With a historical volatility rate of 176.52%, the RSI 9-day stood at 32.91% on 13 May.

With respect to its five-day moving average, the current DISH Network Corporation price is down by -6.12% percent or -$1.36. At present, DISH shares trade -37.15% below its 20-day simple moving average and -33.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.67% below its SMA50 and -50.58% below its SMA200.

Stochastic coefficient K was 15.91% and Stochastic coefficient D was 9.76%, while ATR was 2.16. Given the Stochastic reading of 26.18% for the 14-day period, the RSI (14) reading has been calculated as 32.58%. As of today, the MACD Oscillator reading stands at -3.73, while the 14-day reading stands at -6.05.

Analyst Ratings

Credit Suisse upgraded its rating on DISH Network Corporation (NASDAQ: DISH) to an Outperform in a note to investors on May 09, 2022. The analysts firm previously had a Neutral rating on the stock.DISH Network Corporation (DISH) has been rated Overweight by analysts. According to 1 brokerage firm, DISH is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate DISH Network Corporation stock as buy, with 11 recommending it as overweight.

With a median target price of $41.00, the current consensus forecast for the stock is $24.00 – $61.00. Based on these forecasts, analysts predict DISH Network Corporation (DISH) will achieve an average price target of $39.75.


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