Market Watch: EchoStar Corp (SATS)’s Noteworthy Drop, Closing at 22.25

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As of close of business last night, EchoStar Corp’s stock clocked out at $22.25, down -3.41% from its previous closing price of $23.03. In other words, the price has decreased by -$3.41 from its previous closing price. On the day, 2.78 million shares were traded. SATS stock price reached its highest trading level at $23.63 during the session, while it also had its lowest trading level at $22.22.

Ratios:

To gain a deeper understanding of SATS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.27.

JP Morgan Downgraded its Neutral to Underweight on August 12, 2024, while the target price for the stock was maintained at $12.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 12 ’24 when ERGEN CHARLES W bought 1,551,355 shares for $28.04 per share. The transaction valued at 43,499,994 led to the insider holds 1,551,355 shares of the business.

DEFRANCO JAMES bought 110,000 shares of SATS for $1,482,800 on Mar 08 ’24. The Director now owns 306,951 shares after completing the transaction at $13.48 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 6365858304 and an Enterprise Value of 33121910784. 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 0.31. Its current Enterprise Value per Revenue stands at 2.067 whereas that against EBITDA is 24.591.

Stock Price History:

Over the past 52 weeks, SATS has reached a high of $30.08, while it has fallen to a 52-week low of $11.83. The 50-Day Moving Average of the stock is -9.02%, while the 200-Day Moving Average is calculated to be 12.45%.

Shares Statistics:

It appears that SATS traded 1.81M shares on average per day over the past three months and 1278820 shares per day over the past ten days. A total of 140.48M shares are outstanding, with a floating share count of 118.84M. Insiders hold about 56.28% of the company’s shares, while institutions hold 41.41% stake in the company. Shares short for SATS as of 1732838400 were 13565734 with a Short Ratio of 7.51, compared to 1730332800 on 11691199. Therefore, it implies a Short% of Shares Outstanding of 13565734 and a Short% of Float of 11.07.

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