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The closing price of EchoStar Corp (NASDAQ: SATS) was $19.57 for the day, down -1.56% from the previous closing price of $19.88. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 1.24 million shares were traded. SATS stock price reached its highest trading level at $20.2 during the session, while it also had its lowest trading level at $19.45.
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 0.32 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 1.30 whereas as Long-Term Debt/Eq ratio is at 1.17.
On January 17, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $18.
Raymond James Upgraded its Outperform to Strong Buy on August 07, 2023, while the target price for the stock was maintained at $28.
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 70,000 shares of SATS for $919,800 on Mar 06 ’24. The Director now owns 176,951 shares after completing the transaction at $13.14 per share. On Mar 07 ’24, another insider, DEFRANCO JAMES, who serves as the Director of the company, bought 20,000 shares for $13.44 each. As a result, the insider paid 268,800 and bolstered with 196,951 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 5316796928 and an Enterprise Value of 30194055168. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 1.859 whereas that against EBITDA is 21.627.
Stock Price History:
Over the past 52 weeks, SATS has reached a high of $20.86, while it has fallen to a 52-week low of $9.53. The 50-Day Moving Average of the stock is 5.38%, while the 200-Day Moving Average is calculated to be 27.04%.
Shares Statistics:
SATS traded an average of 1.14M shares per day over the past three months and 895200 shares per day over the past ten days. A total of 140.15M shares are outstanding, with a floating share count of 119.96M. Insiders hold about 55.84% of the company’s shares, while institutions hold 42.65% stake in the company. Shares short for SATS as of 1722384000 were 14529320 with a Short Ratio of 12.28, compared to 1719532800 on 15251521. Therefore, it implies a Short% of Shares Outstanding of 14529320 and a Short% of Float of 13.44.
