DISH Network Corporation [NASDAQ: DISH] stock went on a downward path that fall over -6.27% on Wednesday, amounting to a one-week price decrease of less than -2.83%. The company report on September 12, 2022 that DISH Media Partners with SeaChange and Beachfront to Launch National Linear Programmatic.
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Over the last 12 months, DISH stock dropped by -59.10%. The one-year DISH Network Corporation stock forecast points to a potential upside of 52.69. The average equity rating for DISH stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.98 billion, with 530.09 million shares outstanding and 250.69 million shares in the current float. Compared to the average trading volume of 3.65M shares, DISH stock reached a trading volume of 5754296 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $36.31 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.
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 August 04, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $25 to $60. The new note on the price target was released on May 31, 2022, representing the official price target for DISH Network Corporation stock. Previously, the target price had yet another raise to $45, while Credit Suisse analysts kept a Outperform rating on DISH stock.
The Average True Range (ATR) for DISH Network Corporation is set at 0.94, 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 0.55, with the Price to Cash per share for the same quarter was set at 5.27. Price to Free Cash Flow for DISH in the course of the last twelve months was 7.80 with Quick ratio for the last quarter at 0.60.
DISH Stock Performance Analysis:
DISH Network Corporation [DISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.83. With this latest performance, DISH shares dropped by -15.03% in over the last four-week period, additionally sinking by -41.66% over the last 6 months – not to mention a drop of -59.10% 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 44.29, with the RSI for the last a single of trading hit 42.39, and the three-weeks RSI is set at 44.97 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 18.18, while it was recorded at 18.45 for the last single week of trading, and 25.91 for the last 200 days.
Insight into DISH Network Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and DISH Network Corporation [DISH] shares currently have an operating margin of +17.91 and a Gross Margin at +30.30. DISH Network Corporation’s Net Margin is presently recorded at +13.48.
Return on Equity for this stock inclined to 16.45, with Return on Assets sitting at 5.55.
DISH Network Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
DISH Network Corporation [DISH] Insider Position Details
There are presently around $4,184 million, or 84.30% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 39,723,546, which is approximately 3.6% of the company’s market cap and around 8.90% of the total institutional ownership; VANGUARD GROUP INC, holding 27,795,480 shares of the stock with an approximate value of $477.53 million in DISH stocks shares; and BLACKROCK INC., currently with $311.19 million in DISH stock with ownership of nearly 1.47% of the company’s market capitalization.
Positions in DISH Network Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 196 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 22,003,461 shares. Additionally, 224 investors decreased positions by around 24,296,388 shares, while 63 investors held positions by with 197,216,029 shares. The mentioned changes placed institutional holdings at 243,515,878 shares, according to the latest SEC report filing. DISH stock had 49 new institutional investments in for a total of 1,478,293 shares, while 79 institutional investors sold positions of 10,138,633 shares during the same period.