As of Wednesday close, DISH Network Corporation’s (NASDAQ:DISH) stock was down -$0.07, moving down -1.08 percent to $6.41. The average number of shares traded per day over the past five days has been 8,366,460 shares. 2 times new highs have been achieved over the past 5 days, with a $0.15 gain in that time frame. In the last twenty days, the average volume was 7,984,900, while in the previous 50 days, it was 9,657,800.
Since last month, DISH stock rose 0.16%. Shares of the company fell to $5.89 on 09/05/23, the lowest level in the past month. A 52-week high of $17.49 was reached on 01/09/23 after having rallying from a 52-week low of $5.83. Since the beginning of this year, DISH’s stock price has dropped by -54.34% or -$7.63, and marked a new high 5 times. However, the stock has declined by -63.35% since its 52-week high.
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DISH stock investors should be aware that DISH Network Corporation (DISH) stock had its last reported insider trading activity 41 days ago on Aug 11. ORBAN PAUL W, the EXECUTIVE VICE PRESIDENT, CFO of the company, disposed of 47 shares for $8.20 on Aug 11. It resulted in a $385 divestment by the insider. CULLEN THOMAS A sold 25,000 shares at an average price of $6.36 on Jun 22. The insider now owns 226,050 shares following the transaction. On Jun 21, EVP, CORPORATE DEVELOPMENT CULLEN THOMAS A sold 25,000 shares at $6.54 apiece. The transaction was valued at $163,500.
Valuation Metrics
Right now, DISH Network Corporation (DISH) has a P/E ratio of about 2.31. The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 0.19.
Financial Health
In the three months ended June 29, DISH Network Corporation’s quick ratio stood at 0.60, while its current ratio was 0.60, 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 June 29 was 1.10, and the total debt-to-equity ratio was 1.16. On the profitability front, the trailing twelve-month gross margin is 29.80% percent. In the year ended June 29, EBITDA margin amounted to 16.56%, whereas operating margins totaled 8.70%. Based on annual data, DISH earned $5.31 billion in gross profit and brought in $16.68 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 3.30%. Return on equity (ROE) for the past 12 months was 9.90%.
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 -7.63% to $3.96 billion during the quarter, while net income inched up to $3.91 billion. While analysts expected DISH Network Corporation to report $0.29 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 6.90%. During the quarter, the company generated $472.34 million in EBITDA. The liabilities of DISH Network Corporation were 35.28 billion at the end of its most recent quarter ended June 29, and its total debt was $24.56 billion. The value of shareholders’ equity is $533.86 million.
Technical Picture
This quick technical analysis looks at DISH Network Corporation’s (DISH) price momentum. With a historical volatility rate of 59.90%, the RSI 9-day stood at 50.20% on 20 September.
With respect to its five-day moving average, the current DISH Network Corporation price is up by +2.40% percent or $0.15. At present, DISH shares trade +1.26% above its 20-day simple moving average and -12.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.59% below its SMA50 and -58.88% below its SMA200.
Stochastic coefficient K was 50.79% and Stochastic coefficient D was 58.35%, while ATR was 0.32. Given the Stochastic reading of 49.52% for the 14-day period, the RSI (14) reading has been calculated as 47.88%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.16.
Analyst Ratings
Barclays upgraded its rating on DISH Network Corporation (NASDAQ: DISH) to an Equal weight in a note to investors on August 09, 2023. The analysts firm previously had an Underweight rating on the stock.DISH Network Corporation (DISH) has been rated Overweight by analysts. According to 1 brokerage firm, DISH is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate DISH Network Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $9.32, the current consensus forecast for the stock is $5.00 – $32.00. Based on these forecasts, analysts predict DISH Network Corporation (DISH) will achieve an average price target of $11.98.
