DISH Network Corporation [NASDAQ: DISH] closed the trading session at $36.16 on 11/25/20. The day’s price range saw the stock hit a low of $35.39, while the highest price level was $36.49. The company report on November 23, 2020 that DISH Selects Mavenir To Deliver Cloud-Native Voice, Data And Messaging Services Software For Nationwide 5G Network.
Mavenir announced that DISH Network has selected Mavenir’s cloud-based carrier messaging solution, which leverages Rich Communication Services (RCS) and Messaging-as-a-Platform (MaaP) technologies. Building upon the companies’ RAN announcement earlier this year, Mavenir is providing DISH with highly-scalable and intelligent cloud-native software in a virtualized, automated environment, leveraging open interfaces and artificial intelligence (AI).
DISH will deploy Mavenir’s RCS Business Messaging solution, which will enable advanced voice and multimedia messaging (including cloud-native video, VoWiFi and VoLTE), to deliver best-in-class customer support capabilities. Using AI and chatbots, customers will have access to services from an app where they can engage virtual assistants to answer questions, investigate and modify subscription plans, and participate in promotions.
The stocks have a year to date performance of 1.95 percent and weekly performance of 7.94 percent. The stock has been moved at 14.25 percent over the last six months. The stock has performed 39.08 percent around the most recent 30 days and changed 4.18 percent over the most recent 3-months.
If compared to the average trading volume of 2.72M shares, DISH reached to a volume of 1983765 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $40.72 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.
Pivotal Research Group have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 09, 2020. While these analysts kept the previous recommendation, BofA/Merrill raised their target price to Buy. The new note on the price target was released on March 12, 2020, representing the official price target for DISH Network Corporation stock. Previously, the target price had yet another raise to $34, while Bernstein analysts kept a Mkt Perform rating on DISH stock.
The Average True Range (ATR) for DISH Network Corporation is set at 1.38, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 5.32. Price to Free Cash Flow for DISH in the course of the last twelve months was 6.50 with Quick ratio for the last quarter at 0.70.
DISH stock trade performance evaluation
DISH Network Corporation [DISH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.94. With this latest performance, DISH shares gained by 39.08% in over the last four-week period, additionally plugging by 14.25% over the last 6 months – not to mention a rise of 3.73% 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 79.29, with the RSI for the last a single of trading hit 84.33, and the three-weeks RSI is set at 72.93 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 29.09, while it was recorded at 35.13 for the last single week of trading, and 29.84 for the last 200 days.
DISH Network Corporation [DISH]: An insightful look at the core fundamentals
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 0.70 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for DISH Network Corporation [DISH] stock
With the latest financial reports released by the company, DISH Network Corporation posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.90%. 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 -9.71%.
DISH Network Corporation [DISH]: Insider Ownership positions
There are presently around $8,184 million, or 80.30% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 29,511,377, which is approximately -6.104% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 26,240,973 shares of the stock with an approximate value of $948.87 million in DISH stocks shares; and EAGLE CAPITAL MANAGEMENT LLC, currently with $584.04 million in DISH stock with ownership of nearly 188.653% of the company’s market capitalization.
Positions in DISH Network Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 201 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 27,884,642 shares. Additionally, 217 investors decreased positions by around 32,194,080 shares, while 58 investors held positions by with 166,246,049 shares. The mentioned changes placed institutional holdings at 226,324,771 shares, according to the latest SEC report filing. DISH stock had 68 new institutional investments in for a total of 4,935,422 shares, while 49 institutional investors sold positions of 7,616,230 shares during the same period.