EchoStar Corp [NASDAQ: SATS] gained 21.05% or 3.87 points to close at $22.28 with a heavy trading volume of 3804630 shares.
The daily chart for SATS points out that the company has recorded 64.31% gains over the past six months.
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If we look at the average trading volume of 1.09M shares, SATS reached to a volume of 3804630 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 EchoStar Corp [SATS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SATS shares is $19.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SATS stock is a recommendation set at 2.56. 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.
JP Morgan have made an estimate for EchoStar Corp shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on January 17, 2024, representing the official price target for EchoStar Corp stock. Previously, the target price had yet another raise to $28, while Raymond James analysts kept a Strong Buy rating on SATS stock. On November 04, 2022, analysts decreased their price target for SATS shares from 57 to 27.
The Average True Range (ATR) for EchoStar Corp is set at 1.10, with the Price to Sales ratio for SATS stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 1.92.
Trading performance analysis for SATS stock
EchoStar Corp [SATS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.47. With this latest performance, SATS shares gained by 17.63% in over the last four-week period, additionally plugging by 64.31% over the last 6 months – not to mention a rise of 25.80% 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 SATS stock in for the last two-week period is set at 67.11, with the RSI for the last a single of trading hit 73.46, and the three-weeks RSI is set at 63.35 for EchoStar Corp [SATS]. The present Moving Average for the last 50 days of trading for this stock 18.84, while it was recorded at 19.14 for the last single week of trading, and 15.72 for the last 200 days.
EchoStar Corp [SATS]: A deeper dive into fundamental analysis
EchoStar Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.32 and a Current Ratio set at 0.40.
EchoStar Corp [SATS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, EchoStar Corp posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.36. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SATS.
An analysis of Institutional ownership at EchoStar Corp [SATS]
There are presently around $83.82%, or 97.39%% of SATS stock, in the hands of institutional investors. The top three institutional holders of SATS stocks are: BLACKROCK INC. with ownership of 19.18 million shares, which is approximately 7.0658%. VANGUARD GROUP INC, holding 13.57 million shares of the stock with an approximate value of $$241.69 million in SATS stocks shares; and VANGUARD GROUP INC, currently with $$241.58 million in SATS stock with ownership which is approximately 4.9957%.
