DISH Network Corporation (NASDAQ:DISH) finished Wednesday with a subtraction of $0.0 to close at $6.33, a downside of 0.00 percent. An average of 8,513,420 shares of common stock have been traded in the last five days. There was a fall of -$0.78 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 9,891,140 shares traded, while the 50-day average volume stands at 12,405,154.
DISH stock has decreased by -18.01% in the last month. The company shares reached their 1-month lowest point of $6.23 on 08/21/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $5.83 and a high of $19.89 in 52 weeks. It has reached a new high 5 times so far this year and lost -54.91% or -$7.71 in price. In spite of this, the price is down -68.17% from the 52-week high.
Insider Transactions
DISH stock investors should be aware that DISH Network Corporation (DISH) stock had its last reported insider trading activity 13 days ago on Aug 11. In this transaction, the insider spent $385. EVP, CORPORATE DEVELOPMENT, CULLEN THOMAS A, disposed of 25,000 shares at a price of $6.36 on Jun 22. The insider now owns more than $159,000 worth of shares. Prior to that, EVP, CORPORATE DEVELOPMENT CULLEN THOMAS A went on to Sale 25,000 shares at $6.54 each on Jun 21. An amount of $163,500 was transacted.
Valuation Metrics
DISH Network Corporation (DISH) has a trailing price-to-earnings (P/E) ratio of 2.28. The stock’s beta is 1.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.22, the price-to-book (PB) ratio at 0.18.
Financial Health
The quick ratio of DISH Network Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.16 for the quarter ending June 29. DISH Network Corporation’s EBITDA margin for the year ending June 29 is 16.56%, while its operating margin for the same period stands at 8.70%. Its gross profit as reported stood at $5.31 billion compared to revenue of $16.68 billion.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $200.32 million in the quarter, while revenues of $222.71 million were shrunk -161.0%. The analyst consensus anticipated DISH Network Corporation’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.31, a 6.90% surprise. For the quarter, EBITDA amounted to $472.34 million. Shareholders own equity worth $533.86 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DISH Network Corporation (DISH) price momentum. RSI 9-day as of the close on 23 August was 25.59%, suggesting the stock is oversold, with historical volatility in this time frame at 15.54%.
As of today, DISH’s price is $6.53 -10.97% or -$0.78 from its 5-day moving average. DISH is currently trading -12.33% lower than its 20-day SMA and -29.74% lower than its 100-day SMA. However, the stock’s current price level is -4.09% below the SMA50 and -53.86% below the SMA200.
The stochastic %K and %D were 4.93% and 4.06%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 4.00% and the average true range at 0.42, the RSI (14) stands at 34.64%. The stock has reached -0.67 on the 9-day MACD Oscillator while the 14-day reading was at -1.02.
Analyst Ratings
Barclays upgraded DISH Network Corporation (NASDAQ: DISH) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for DISH Network Corporation (DISH) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DISH, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is DISH’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $32.00, with a median target of $9.32. Taking a look at these predictions, the average price target given by analysts for DISH Network Corporation (DISH) stock is $12.83.
