DISH Network Corporation [NASDAQ: DISH] closed the trading session at $30.73 on 02/03/21. The day’s price range saw the stock hit a low of $29.86, while the highest price level was $30.89. The company report on February 1, 2021 that DISH Partners with Vertical Bridge on Long-Term Infrastructure Lease Agreement as it Builds Nationwide 5G Network.
DISH Network Corporation and Vertical Bridge REIT, LLC (“Vertical Bridge”) announced a long-term agreement granting DISH immediate access to Vertical Bridge’s extensive portfolio of towers, rooftops, utility transmission structures, billboards, convenience stores and other sites used for wireless infrastructure deployment. Vertical Bridge is the nation’s largest private owner and operator of communications infrastructure with a portfolio of over 300,000 sites spread across all 50 states and Puerto Rico.
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“Building a national 5G network requires an extensive presence across urban, suburban and rural areas, and Vertical Bridge’s portfolio offers DISH the array of coverage that we need,” said Dave Mayo, DISH Executive Vice President of Network Development. “As we continue to deploy DISH’s 5G network, Vertical Bridge’s assets, experience and commitment make them an invaluable partner.”.
The stocks have a year to date performance of -4.98 percent and weekly performance of 1.89 percent. The stock has been moved at -8.92 percent over the last six months. The stock has performed -2.54 percent around the most recent 30 days and changed 19.02 percent over the most recent 3-months.
If compared to the average trading volume of 4.87M shares, DISH reached to a volume of 5350258 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 $40.42 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 2.50. 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.
Guggenheim have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 04, 2020. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $41 to $42. The new note on the price target was released on November 09, 2020, representing the official price target for DISH Network Corporation stock. Previously, the target price had yet another raise to $36, while BofA/Merrill analysts kept a Buy rating on DISH stock.
The Average True Range (ATR) for DISH Network Corporation is set at 1.16, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 5.15. Price to Free Cash Flow for DISH in the course of the last twelve months was 5.70 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 1.89. With this latest performance, DISH shares dropped by -2.54% in over the last four-week period, additionally sinking by -8.92% over the last 6 months – not to mention a drop of -16.45% 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 45.99, with the RSI for the last a single of trading hit 47.49, and the three-weeks RSI is set at 46.34 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 32.97, while it was recorded at 29.84 for the last single week of trading, and 31.27 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.
DISH Network Corporation [DISH]: Insider Ownership positions
There are presently around $7,007 million, or 80.90% 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 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 26,240,973 shares of the stock with an approximate value of $806.38 million in DISH stocks shares; and EAGLE CAPITAL MANAGEMENT LLC, currently with $496.34 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 February and at the time of the February reporting period, where 187 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 30,095,648 shares. Additionally, 222 investors decreased positions by around 32,169,687 shares, while 61 investors held positions by with 165,762,848 shares. The mentioned changes placed institutional holdings at 228,028,183 shares, according to the latest SEC report filing. DISH stock had 66 new institutional investments in for a total of 5,456,452 shares, while 48 institutional investors sold positions of 7,678,379 shares during the same period.