After finishing at $15.25 in the prior trading day, EchoStar Corp (NASDAQ: SATS) closed at $15.24, down -0.07%. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1507652 shares were traded.
Ratios:
Our goal is to gain a better understanding of SATS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.61. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.15.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 4.14B and an Enterprise Value of 27.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is -113.30.
Stock Price History:
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 14.03, while the 200-Day Moving Average is calculated to be 15.55.
Shares Statistics:
The stock has traded on average 2.82M shares per day over the past 3-months and 2.15M shares per day over the last 10 days, according to various share statistics. A total of 140.15M shares are outstanding, with a floating share count of 120.62M. Insiders hold about 55.57% of the company’s shares, while institutions hold 16.26% stake in the company. Shares short for SATS as of Feb 29, 2024 were 15.56M with a Short Ratio of 5.52, compared to 15.62M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.73% and a Short% of Float of 11.60%.
Earnings Estimates
Its stock is currently analyzed by 3 different market 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 -$0.16, with high estimates of $0.01 and low estimates of -$0.32.
Analysts are recommending an EPS of between $3.2 and -$1.08 for the fiscal current year, implying an average EPS of $0.35. EPS for the following year is -$0.69, with 5 analysts recommending between $1.84 and -$3.
Revenue Estimates
4 analysts predict $4.07B in revenue for the current quarter. It ranges from a high estimate of $4.11B to a low estimate of $4.04B. As of the current estimate, EchoStar Corp’s year-ago sales were $448M, an estimated increase of 808.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $4.05B, an increase of 795.10% less than the figure of $808.90% in the same quarter last year. There is a high estimate of $4.11B for the next quarter, whereas the lowest estimate is $3.97B.
A total of 6 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 $15.95B. In the same quarter a year ago, actual revenue was $16.15B, down -1.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $15.96B in the next fiscal year. The high estimate is $18.36B and the low estimate is $13.88B. The average revenue growth estimate for next year is up 0.10% from the average revenue estimate for this year.
