Market Analysts see DISH Network Corporation [DISH] falling to $36. Time to buy?

DISH Network Corporation [NASDAQ: DISH] loss -2.87% or -0.46 points to close at $15.59 with a heavy trading volume of 3376889 shares. The company report on November 28, 2022 that Cox Media Group Removes Local Channels From DISH TV Customers.

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Cox demands exorbitant rate increase for its channels, and is negotiating for channels it does not yet own.

Cox insists on payment from DISH customers who do not subscribe to locals in its markets.

It opened the trading session at $16.01, the shares rose to $16.30 and dropped to $15.56, the range by which the price of stock traded the whole day. The daily chart for DISH points out that the company has recorded -30.28% loss over the past six months. However, it is still -24.22% lower than its most recent low trading price.

If we look at the average trading volume of 4.44M shares, DISH reached to a volume of 3376889 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $33.94 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 2.30. 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 0.79, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 1.78. Price to Free Cash Flow for DISH in the course of the last twelve months was 13.25 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for DISH stock

DISH Network Corporation [DISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.89. With this latest performance, DISH shares gained by 3.52% in over the last four-week period, additionally sinking by -30.28% over the last 6 months – not to mention a drop of -48.97% 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 51.60, with the RSI for the last a single of trading hit 50.93, and the three-weeks RSI is set at 50.99 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 14.82, while it was recorded at 15.78 for the last single week of trading, and 21.12 for the last 200 days.

DISH Network Corporation [DISH]: A deeper dive into fundamental analysis

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 0.40 and a Current Ratio set at 0.50.

An analysis of insider ownership at DISH Network Corporation [DISH]

There are presently around $3,749 million, or 83.00% of DISH stock, in the hands of institutional investors. The top three institutional holders of DISH stocks are: DODGE & COX with ownership of 39,364,166, which is approximately -0.905% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 27,716,068 shares of the stock with an approximate value of $432.09 million in DISH stocks shares; and BLACKROCK INC., currently with $274.07 million in DISH stock with ownership of nearly -2.947% 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 224 institutional holders increased their position in DISH Network Corporation [NASDAQ:DISH] by around 15,686,356 shares. Additionally, 170 investors decreased positions by around 16,595,873 shares, while 56 investors held positions by with 208,189,845 shares. The mentioned changes placed institutional holdings at 240,472,074 shares, according to the latest SEC report filing. DISH stock had 56 new institutional investments in for a total of 2,227,793 shares, while 45 institutional investors sold positions of 2,526,717 shares during the same period.

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