DISH Network Corporation (DISH): What Technical Indicators Show

SNOW Stock
SNOW Stock

DISH Network Corporation (NASDAQ:DISH) saw an upside of 4.75% to close Monday at $14.56 after adding $0.66 on the day. The 5-day average trading volume is 4,969,360 shares of the company’s common stock. It has gained $14.72 in the past week and touched a new high 2 times within the past 5 days. An average of 4,420,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,409,916.

DISH’s 1-month performance is 5.35% or $0.10 on its low of $13.18 reached on 01/20/23. The company’s shares have touched a 52-week low of $12.55 and high of $33.74, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, DISH has achieved 3.70% or $0.52 and has reached a new high 5 times. However, the current price is down -56.85% from the 52-week high price.

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Valuation Metrics

DISH stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.43 while the price-to-book (PB) in the most recent quarter is 0.45, with the price to cash flow ratio at 12.07.

DISH Network Corporation’s quick ratio for the period ended September 29 was 0.40, with the current ratio over the same period at 0.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.05, while the total debt to equity was 1.14. In terms of profitability, the gross margin trailing 12 months is 32.70%. The firm’s gross profit as reported stood at $6.14 billion against revenue of $17.88 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, DISH Network Corporation’s cash and short-term investments amounted to $103.06 million against total debt of $22.11 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -62.79% to $412.23 million, while revenue of $522.83 million was -26.83% off the previous quarter. Analysts expected DISH to announce $0.56 per share in earnings in its latest quarter, but it posted $0.65, representing a 16.10% surprise. EBITDA for the quarter stood at more than $601.76 million. DISH stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 32.01 billion, with total debt at $22.11 billion. Shareholders hold equity totaling $530.71 million.

Let’s look briefly at DISH Network Corporation (DISH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 51.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.84%.

The stock’s 5-day moving average is $14.02, reflecting a +0.48% or $0.07 change from its current price. DISH is currently trading +4.60% above its 20-day SMA, -15.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.08% and SMA200 by-54.10%.

Stochastic %K and %D was 25.36% and 20.07% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 50.03%, while the 14-day stochastic is at 49.29% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.75 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for DISH stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DISH as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.

What is DISH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $14.00 and a high of $60.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for DISH Network Corporation (DISH) stock is $30.27.


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