DISH Network Corporation [DISH] is -57.55% lower this YTD. Is it still time to buy?

DISH Network Corporation [NASDAQ: DISH] traded at a low on 09/01/23, posting a -0.67 loss after which it closed the day’ session at $5.96. The company report on August 8, 2023 at 7:45 AM that DISH Network Reports Second Quarter 2023 Financial Results.

DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $3.91 billion for the quarter ending June 30, 2023, compared to $4.21 billion for the corresponding period in 2022.

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Net income attributable to DISH Network totaled $200 million for the second quarter 2023, compared to $523 million for the year-ago quarter.

The results of the trading session contributed to over 8091973 shares changing hands. Over the past one week, the price volatility of DISH Network Corporation stands at 3.14% while the volatility over the past one month is 4.85%.

The market cap for DISH stock reached $3.20 billion, with 533.01 million shares outstanding and 250.71 million shares in the current float. Compared to the average trading volume of 12.59M shares, DISH reached a trading volume of 8091973 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 $13.10 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 2.70. 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.

Barclays have made an estimate for DISH Network Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 09, 2023.

The Average True Range (ATR) for DISH Network Corporation is set at 0.34, with the Price to Sales ratio for DISH stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 3.32.

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 -0.67. With this latest performance, DISH shares dropped by -21.06% in over the last four-week period, additionally sinking by -46.93% over the last 6 months – not to mention a drop of -65.65% 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 31.62, with the RSI for the last a single of trading hit 23.66, and the three-weeks RSI is set at 36.93 for DISH Network Corporation [DISH]. The present Moving Average for the last 50 days of trading for this stock 7.00, while it was recorded at 6.02 for the last single week of trading, and 10.05 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 +12.26 and a Gross Margin at +27.53. DISH Network Corporation’s Net Margin is presently recorded at +13.81.

Return on Total Capital for DISH is now 5.02, given the latest momentum, and Return on Invested Capital for the company is 6.00. Return on Equity for this stock inclined to 13.76, with Return on Assets sitting at 4.51. When it comes to the capital structure of this company, DISH Network Corporation [DISH] has a Total Debt to Total Equity ratio set at 135.05. Additionally, DISH Total Debt to Total Capital is recorded at 57.46, with Total Debt to Total Assets ending up at 45.09. Long-Term Debt to Equity for the company is recorded at 125.34, with the Long-Term Debt to Total Capital now at 53.33.

Reflecting on the efficiency of the workforce at the company, DISH Network Corporation [DISH] managed to generate an average of $162,200 per employee. Receivables Turnover for the company is 17.59 with a Total Asset Turnover recorded at a value of 0.33.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.

Insider trade positions for DISH Network Corporation [DISH]

The top three institutional holders of DISH stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in DISH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in DISH stock with ownership which is approximately 5.7381%.

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