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The closing price of EchoStar Corp (NASDAQ: SATS) was $24.41 for the day, up 6.59% from the previous closing price of $22.90. In other words, the price has increased by $6.59 from its previous closing price. On the day, 3.6 million shares were traded. SATS stock price reached its highest trading level at $24.41 during the session, while it also had its lowest trading level at $23.09.
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 0.61 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.
On August 12, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral but kept the price unchanged to $12.
On January 17, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $18.JP Morgan initiated its Neutral rating on January 17, 2024, with a $18 target price.
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 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 6983846912 and an Enterprise Value of 33298608128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 2.078 whereas that against EBITDA is 24.722.
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 $10.18. The 50-Day Moving Average of the stock is -1.88%, while the 200-Day Moving Average is calculated to be 29.06%.
Shares Statistics:
SATS traded an average of 1.84M shares per day over the past three months and 2742860 shares per day over the past ten days. A total of 140.15M shares are outstanding, with a floating share count of 118.81M. Insiders hold about 56.29% of the company’s shares, while institutions hold 41.40% stake in the company. Shares short for SATS as of 1730332800 were 11691199 with a Short Ratio of 6.35, compared to 1727654400 on 11497371. Therefore, it implies a Short% of Shares Outstanding of 11691199 and a Short% of Float of 10.82.
