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The closing price of EchoStar Corp (NASDAQ: SATS) was $15.44 for the day, down -10.98% from the previous closing price of $17.35. In other words, the price has decreased by -$10.98 from its previous closing price. On the day, 3.86 million shares were traded. SATS stock price reached its highest trading level at $16.18 during the session, while it also had its lowest trading level at $14.69.
Ratios:
Our analysis of SATS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 0.44. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on January 17, 2024, initiated with a Neutral rating and assigned the stock a target price of $18.
On August 07, 2023, Raymond James Upgraded its rating to Strong Buy which previously was Outperform but kept the price unchanged to $28.
Raymond James Downgraded its Strong Buy to Outperform on November 04, 2022, whereas the target price for the stock was revised from $57 to $27.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 ’24 when DEFRANCO JAMES bought 110,000 shares for $13.48 per share. The transaction valued at 1,482,800 led to the insider holds 306,951 shares of the business.
DEFRANCO JAMES bought 20,000 shares of SATS for $268,800 on Mar 07 ’24. The Director now owns 196,951 shares after completing the transaction at $13.44 per share. On Mar 06 ’24, another insider, DEFRANCO JAMES, who serves as the Director of the company, bought 70,000 shares for $13.14 each. As a result, the insider paid 919,800 and bolstered with 176,951 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SATS now has a Market Capitalization of 4193611008 and an Enterprise Value of 28977164288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 1.703 whereas that against EBITDA is 16.001.
Stock Price History:
The Beta on a monthly basis for SATS is 0.71, which has changed by 0.1467284 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, SATS has reached a high of $24.80, while it has fallen to a 52-week low of $9.53. The 50-Day Moving Average of the stock is 7.34%, while the 200-Day Moving Average is calculated to be 3.06%.
Shares Statistics:
SATS traded an average of 1.65M shares per day over the past three months and 1361710 shares per day over the past ten days. A total of 140.15M shares are outstanding, with a floating share count of 120.47M. Insiders hold about 55.63% of the company’s shares, while institutions hold 16.71% stake in the company. Shares short for SATS as of 1713139200 were 15116539 with a Short Ratio of 9.17, compared to 1710460800 on 15633657. Therefore, it implies a Short% of Shares Outstanding of 15116539 and a Short% of Float of 14.01.
Earnings Estimates
The firm’s stock currently is rated by 3.0 analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.24, while EPS last year was $0.35. The consensus estimate for the next quarter is -$0.19, with high estimates of $0.01 and low estimates of -$0.32.
Analysts are recommending an EPS of between $3.2 and -$2.31 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is -$1.53, with 6.0 analysts recommending between $1.84 and -$5.74.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $4.11B to a low estimate of $4.01B. As of the current estimate, EchoStar Corp’s year-ago sales were $448MFor the next quarter, 5 analysts are estimating revenue of $4.02B. There is a high estimate of $4.11B for the next quarter, whereas the lowest estimate is $3.92B.
A total of 8 analysts have provided revenue estimates for SATS’s current fiscal year. The highest revenue estimate was $17.19B, while the lowest revenue estimate was $14.34B, resulting in an average revenue estimate of $15.9B. In the same quarter a year ago, actual revenue was $16.15BBased on 8 analysts’ estimates, the company’s revenue will be $15.73B in the next fiscal year. The high estimate is $18.36B and the low estimate is $13.88B.
