DISH Network Corporation [DISH] Stock trading around $17.63 per share: What’s Next?


DISH Network Corporation [NASDAQ: DISH] traded at a low on 06/14/22, posting a -3.61 loss after which it closed the day’ session at $17.63. The company report on May 6, 2022 that DISH Network reports first quarter 2022 financial results.

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DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $4.33 billion for the quarter ending March 31, 2022, compared to $4.50 billion for the corresponding period in 2021.

Net income attributable to DISH Network totaled $433 million for the first quarter 2022, compared to $630 million for the year-ago quarter.

The results of the trading session contributed to over 4440670 shares changing hands. Over the past one week, the price volatility of DISH Network Corporation stands at 5.71% while the volatility over the past one month is 4.56%.

The market cap for DISH stock reached $9.26 billion, with 529.07 million shares outstanding and 218.68 million shares in the current float. Compared to the average trading volume of 3.84M shares, DISH reached a trading volume of 4440670 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 $41.53 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 2.20. 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.

Truist have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 31, 2022. The new note on the price target was released on May 09, 2022, representing the official price target for DISH Network Corporation stock. Previously, the target price had yet another raise to $30, while JP Morgan analysts kept a Neutral rating on DISH stock.

The Average True Range (ATR) for DISH Network Corporation is set at 1.33, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 6.16. Price to Free Cash Flow for DISH in the course of the last twelve months was 4.85 with Quick ratio for the last quarter at 0.60.

How has DISH stock performed recently?

DISH Network Corporation [DISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.15. With this latest performance, DISH shares dropped by -15.48% in over the last four-week period, additionally sinking by -45.67% over the last 6 months – not to mention a drop of -56.10% 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 27.10, with the RSI for the last a single of trading hit 20.90, and the three-weeks RSI is set at 30.51 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 25.54, while it was recorded at 19.34 for the last single week of trading, and 33.28 for the last 200 days.

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

DISH Network Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Insider trade positions for DISH Network Corporation [DISH]

There are presently around $4,537 million, or 86.00% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 38,343,264, which is approximately 0.196% of the company’s market cap and around 9.70% of the total institutional ownership; VANGUARD GROUP INC, holding 27,323,433 shares of the stock with an approximate value of $499.75 million in DISH stocks shares; and BLACKROCK INC., currently with $326.5 million in DISH stock with ownership of nearly 1.22% of the company’s market capitalization.

230 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 17,464,158 shares. Additionally, 203 investors decreased positions by around 17,231,302 shares, while 76 investors held positions by with 213,373,652 shares. The mentioned changes placed institutional holdings at 248,069,112 shares, according to the latest SEC report filing. DISH stock had 54 new institutional investments in for a total of 3,255,315 shares, while 70 institutional investors sold positions of 2,189,780 shares during the same period.