As of Friday close, EchoStar Corporation’s (NASDAQ:SATS) stock was down -$0.58, moving down -2.87 percent to $19.64. The average number of shares traded per day over the past five days has been 874,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.37 fall in that time frame. In the last twenty days, the average volume was 839,660, while in the previous 50 days, it was 467,878.
Since last month, SATS stock rose 2.67%. Shares of the company fell to $18.57 on 07/20/23, the lowest level in the past month. A 52-week high of $24.80 was reached on 08/09/23 after having rallying from a 52-week low of $14.66. Since the beginning of this year, SATS’s stock price has risen by 17.75% or $2.96, and marked a new high 16 times. However, the stock has declined by -20.81% since its 52-week high.
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Valuation Metrics
Right now, EchoStar Corporation (SATS) has a P/E ratio of about 14.61. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.88, the price-to-book (PB) ratio of 0.46, and the price-to-cash flow ratio of 9.25 may also be considered.
Financial Health
In the three months ended June 29, EchoStar Corporation’s quick ratio stood at 5.60, while its current ratio was 6.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 57.00% percent. In the year ended June 29, EBITDA margin amounted to 32.43%, whereas operating margins totaled 7.30%. Based on annual data, SATS earned $1.14 billion in gross profit and brought in $2.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.50%. Return on equity (ROE) for the past 12 months was 3.20%.
In EchoStar Corporation’s quarter-end financial report for June 29, it reported total debt of $1.5 billion against cash and short-term investments of $1.21 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SATS’s revenue fell -10.2% to $439.6 million during the quarter, while net income inched up to $453.11 million. While analysts expected EchoStar Corporation to report $0.2 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by 115.00%. During the quarter, the company generated $150.17 million in EBITDA. The liabilities of EchoStar Corporation were 2.57 billion at the end of its most recent quarter ended June 29, and its total debt was $1.64 billion. The value of shareholders’ equity is $83.85 million.
Technical Picture
This quick technical analysis looks at EchoStar Corporation’s (SATS) price momentum. With a historical volatility rate of 34.74%, the RSI 9-day stood at 36.42% on 18 August.
With respect to its five-day moving average, the current EchoStar Corporation price is down by -14.65% percent or -$3.37. At present, SATS shares trade +2.61% above its 20-day simple moving average and +12.49% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.20% above its SMA50 and +4.08% above its SMA200.
Stochastic coefficient K was 24.96% and Stochastic coefficient D was 39.73%, while ATR was 1.11. Given the Stochastic reading of 15.82% for the 14-day period, the RSI (14) reading has been calculated as 44.24%. As of today, the MACD Oscillator reading stands at -1.99, while the 14-day reading stands at -1.22.
Analyst Ratings
Raymond James upgraded its rating on EchoStar Corporation (NASDAQ: SATS) to a Strong buy in a note to investors on August 07, 2023. The analysts firm previously had an Outperform rating on the stock.EchoStar Corporation (SATS) has been rated Overweight by analysts. According to 0 brokerage firms, SATS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate EchoStar Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $39.50, the current consensus forecast for the stock is $25.00 – $54.00. Based on these forecasts, analysts predict EchoStar Corporation (SATS) will achieve an average price target of $39.50.
