DISH Network Corporation [DISH] stock Upgrade by MoffettNathanson analyst, price target now $40


DISH Network Corporation [NASDAQ: DISH] traded at a high on 01/11/22, posting a 4.21 gain after which it closed the day’ session at $35.38. The company report on January 5, 2022 that DISH names John Swieringa President and COO of DISH Wireless.

DISH Network today named John Swieringa as President and Chief Operating Officer of DISH Wireless. In this expanded role, he will be responsible for all operational aspects of DISH’s wireless business including the deployment and management of DISH’s virtualized, O-RAN 5G broadband network. John also will continue to lead DISH’s retail wireless business, and oversee day-to-day wireless activities.

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“John’s a 14-year veteran of DISH, and is committed to changing the way the world communicates with our unique capabilities,” said Charlie Ergen, DISH Co-Founder and Chairman. “His experience in our overall business will help to maximize our wireless opportunities within all lines of the business. He and his team will deploy and monetize DISH’s network while advancing our retail, enterprise and wholesale market opportunities.”.

The results of the trading session contributed to over 4960896 shares changing hands. Over the past one week, the price volatility of DISH Network Corporation stands at 3.94% while the volatility over the past one month is 3.10%.

The market cap for DISH stock reached $17.94 billion, with 528.23 million shares outstanding and 249.33 million shares in the current float. Compared to the average trading volume of 2.57M shares, DISH reached a trading volume of 4960896 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $49.61 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.

MoffettNathanson have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 26, 2021. The new note on the price target was released on July 08, 2021, representing the official price target for DISH Network Corporation stock. On June 16, 2021, analysts increased their price target for DISH shares from 50 to 60.

The Average True Range (ATR) for DISH Network Corporation is set at 1.07, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 10.35. Price to Free Cash Flow for DISH in the course of the last twelve months was 5.90 with Quick ratio for the last quarter at 1.10.

How has DISH stock performed recently?

DISH Network Corporation [DISH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.80. With this latest performance, DISH shares gained by 10.12% in over the last four-week period, additionally sinking by -12.40% over the last 6 months – not to mention a rise of 7.08% 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 62.02, with the RSI for the last a single of trading hit 69.32, and the three-weeks RSI is set at 55.77 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 34.11, while it was recorded at 33.94 for the last single week of trading, and 40.33 for the last 200 days.

DISH Network Corporation [DISH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DISH Network Corporation [DISH] shares currently have an operating margin of +19.05 and a Gross Margin at +29.59. DISH Network Corporation’s Net Margin is presently recorded at +11.38.

Return on Total Capital for DISH is now 10.48, given the latest momentum, and Return on Invested Capital for the company is 6.77. Return on Equity for this stock inclined to 13.91, with Return on Assets sitting at 4.90. When it comes to the capital structure of this company, DISH Network Corporation [DISH] has a Total Debt to Total Equity ratio set at 114.82. Additionally, DISH Total Debt to Total Capital is recorded at 53.45, with Total Debt to Total Assets ending up at 41.26. Long-Term Debt to Equity for the company is recorded at 99.27, with the Long-Term Debt to Total Capital now at 46.21.

Reflecting on the efficiency of the workforce at the company, DISH Network Corporation [DISH] managed to generate an average of $130,568 per employee. Receivables Turnover for the company is 18.31 with a Total Asset Turnover recorded at a value of 0.43.DISH Network Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

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Insider trade positions for DISH Network Corporation [DISH]

There are presently around $8,843 million, or 86.20% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 37,981,487, which is approximately 6.07% of the company’s market cap and around 4.40% of the total institutional ownership; VANGUARD GROUP INC, holding 26,493,533 shares of the stock with an approximate value of $937.34 million in DISH stocks shares; and EAGLE CAPITAL MANAGEMENT LLC, currently with $651.0 million in DISH stock with ownership of nearly -3.072% 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 195 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 12,831,352 shares. Additionally, 201 investors decreased positions by around 13,172,147 shares, while 93 investors held positions by with 223,940,850 shares. The mentioned changes placed institutional holdings at 249,944,349 shares, according to the latest SEC report filing. DISH stock had 47 new institutional investments in for a total of 1,292,665 shares, while 39 institutional investors sold positions of 4,865,700 shares during the same period.