Thursday, December 3, 2020

DISH Network Corporation [DISH] Stock trading around $35.28 per share: What’s Next?

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DISH Network Corporation [NASDAQ: DISH] loss -5.47% on the last trading session, reaching $35.28 price per share at the time. DISH Network Corporation represents 523.15 million in outstanding shares, while the company has a total market value of $17.93 billion with the latest information. DISH stock price has been found in the range of $35.19 to $36.56.

If compared to the average trading volume of 3.72M shares, DISH reached a trading volume of 4256174 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about DISH Network Corporation [DISH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DISH shares is $38.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DISH stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 12, 2020. The new note on the price target was released on March 06, 2020, representing the official price target for DISH Network Corporation stock. Previously, the target price had yet another raise to $39, while Pivotal Research Group analysts kept a Buy rating on DISH stock.

The Average True Range (ATR) for DISH Network Corporation is set at 1.54, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 6.66. Price to Free Cash Flow for DISH in the course of the last twelve months was 7.98 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for DISH stock

DISH Network Corporation [DISH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.72. With this latest performance, DISH shares gained by 37.12% in over the last four-week period, additionally plugging by 5.03% over the last 6 months – not to mention a drop of -5.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DISH stock in for the last two-week period is set at 71.69, with the RSI for the last a single of trading hit 71.05, and the three-weeks RSI is set at 67.76 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 25.60, while it was recorded at 35.42 for the last single week of trading, and 31.82 for the last 200 days.

DISH Network Corporation [DISH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and DISH Network Corporation [DISH] shares currently have an operating margin of +14.67 and a Gross Margin at +20.87. DISH Network Corporation’s Net Margin is presently recorded at +10.93.

Return on Total Capital for DISH is now 7.43, given the latest momentum, and Return on Invested Capital for the company is 5.95. Return on Equity for this stock inclined to 13.88, with Return on Assets sitting at 4.35. When it comes to the capital structure of this company, DISH Network Corporation [DISH] has a Total Debt to Total Equity ratio set at 123.50. Additionally, DISH Total Debt to Total Capital is recorded at 55.26, with Total Debt to Total Assets ending up at 42.48. Long-Term Debt to Equity for the company is recorded at 112.87, with the Long-Term Debt to Total Capital now at 50.50.

Reflecting on the efficiency of the workforce at the company, DISH Network Corporation [DISH] managed to generate an average of $87,470 per employee. Receivables Turnover for the company is 20.86 with a Total Asset Turnover recorded at a value of 0.40.DISH Network Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

DISH Network Corporation [DISH]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, DISH Network Corporation posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.65/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DISH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DISH Network Corporation go to -14.40%.

An analysis of insider ownership at DISH Network Corporation [DISH]

There are presently around $8,442 million, or 80.20% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 31,423,528, which is approximately 7.316% of the company’s market cap and around 3.60% of the total institutional ownership; VANGUARD GROUP INC, holding 27,608,051 shares of the stock with an approximate value of $1.03 billion in DISH stocks shares; and BLACKROCK INC., currently with $615.62 million in DISH stock with ownership of nearly -16.303% of the company’s market capitalization.

Positions in DISH Network Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 190 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 21,490,117 shares. Additionally, 235 investors decreased positions by around 35,391,608 shares, while 67 investors held positions by with 169,316,446 shares. The mentioned changes placed institutional holdings at 226,198,171 shares, according to the latest SEC report filing. DISH stock had 54 new institutional investments in for a total of 4,868,458 shares, while 85 institutional investors sold positions of 2,349,741 shares during the same period.

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