The stock of DISH Network Corporation (NASDAQ:DISH) increased by $0.04 on Monday to finish at $6.04, up 0.67 percent. The last five days have seen an average of 6,788,320 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$8.00. The average number of shares traded over the last 20 days was 9,262,725, while the average volume over the last 50 days totaled 11,890,904.
DISH stock dropped -22.46% since last month. On 08/25/23, the company’s shares reached a one-month low of $5.96. The stock touched a high of $19.89 on 01/09/23, after rallying from a low of $5.83 in 52 weeks. The price of DISH stock has declined by -56.98% or -$8.00 this year, reaching a new high 5 times. Still, the stock price is down -69.63% from the 52-week high.
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Insider Transactions
DISH stock investors should be aware that DISH Network Corporation (DISH) stock had its last reported insider trading activity 18 days ago on Aug 11. On Aug 11, EXECUTIVE VICE PRESIDENT, CFO ORBAN PAUL W sold 47 shares at $8.20 each. This transaction resulted in the insider making $385. On Jun 22, CULLEN THOMAS A sold 25,000 shares at a price of US$6.36. After the transaction, the insider now owns 226,050 shares. EVP, CORPORATE DEVELOPMENT CULLEN THOMAS A had earlier sold 25,000 shares on Jun 21 for $6.54 a share. The transaction was completed for $163,500.
Valuation Metrics
DISH Network Corporation (DISH) has a trailing price-to-earnings (P/E) ratio of 2.18. Beta for the stock is 1.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 0.17.
Financial Health
For the three months ended June 29, DISH Network Corporation’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.10, and the total debt to equity ratio is 1.16. As far as profitability goes, gross margin for the trailing twelve months is 29.80% percent. DISH Network Corporation’s EBITDA margin for the year ended June 29 was 16.56%, whereas its operating margin stood at 8.70% for the same period. Based on annual data, it had gross profit of $5.31 billion and revenue of $16.68 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DISH’s return on assets (ROA) during the last 12 months has been 3.40%. There was a 3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.90%.
Earnings Surprise
According to DISH Network Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.91 billion, while revenues fell by -7.63% to $3.96 billion. It was predicted that DISH Network Corporation’s quarterly earnings would be $0.31, but it ended up being $0.29, beating the consensus by 6.90%. EBITDA was $472.34 million for the quarter. At the end of DISH Network Corporation’s most recent quarter ended June 29, its liabilities totaled 35.28 billion, while its total debt was $24.56 billion. Equity owned by shareholders amounts to $533.86 million.
Technical Picture
Here’s a quick look at DISH Network Corporation’s (DISH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 22.94%, suggesting the stock is oversold, with a 25.68% historical volatility rate.
The stochastic %K and %D were 2.85% and 3.38% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 2.89%, the RSI (14) reading is 31.84%. On the 9-day MACD Oscillator, the stock is at -0.36, and the 14-day reading is at -0.90.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on DISH Network Corporation (NASDAQ: DISH) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned DISH Network Corporation (DISH) an Overweight rating. DISH is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is DISH’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $32.00, with a median target price of $9.32. In analyzing these forecasts, the average price target given by analysts for DISH Network Corporation (DISH) is $12.83.
