EchoStar Corp (NASDAQ: SATS) has seen a rise in its stock price by 1.59 in relation to its previous close of 15.06. However, the company has experienced a 10.23% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-22 that I believe that investors could receive a handsome return by investing $10,000 into these seven stocks to buy by 2025. These companies are undervalued relative to their intrinsic worth, boasting attractive valuations that present a compelling opportunity for patient, long-term investors.
Is It Worth Investing in EchoStar Corp (NASDAQ: SATS) Right Now?
Additionally, the 36-month beta value for SATS is 0.66. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for SATS is 120.47M and currently, short sellers hold a 12.96% ratio of that float. The average trading volume of SATS on April 24, 2024 was 1.69M shares.
SATS’s Market Performance
The stock of EchoStar Corp (SATS) has seen a 10.23% increase in the past week, with a 10.63% rise in the past month, and a 1.26% gain in the past quarter. The volatility ratio for the week is 5.55%, and the volatility levels for the past 30 days are at 5.12% for SATS. The simple moving average for the last 20 days is 10.09% for SATS stock, with a simple moving average of 1.20% for the last 200 days.
Analysts’ Opinion of SATS
Many brokerage firms have already submitted their reports for SATS stocks, with JP Morgan repeating the rating for SATS by listing it as a “Neutral.” The predicted price for SATS in the upcoming period, according to JP Morgan is $18 based on the research report published on January 17, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SATS reach a price target of $28. The rating they have provided for SATS stocks is “Strong Buy” according to the report published on August 07th, 2023.
Raymond James gave a rating of “Outperform” to SATS, setting the target price at $27 in the report published on November 04th of the previous year.
SATS Trading at 12.09% from the 50-Day Moving Average
After a stumble in the market that brought SATS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.31% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares surge +12.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.17% upper at present.
During the last 5 trading sessions, SATS rose by +10.23%, which changed the moving average for the period of 200-days by -17.30% in comparison to the 20-day moving average, which settled at $13.98. In addition, EchoStar Corp saw -7.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SATS starting from DEFRANCO JAMES, who purchase 110,000 shares at the price of $13.48 back on Mar 08 ’24. After this action, DEFRANCO JAMES now owns 306,951 shares of EchoStar Corp, valued at $1,482,800 using the latest closing price.
DEFRANCO JAMES, the Director of EchoStar Corp, purchase 20,000 shares at $13.44 during a trade that took place back on Mar 07 ’24, which means that DEFRANCO JAMES is holding 196,951 shares at $268,800 based on the most recent closing price.
Stock Fundamentals for SATS
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.23 for the gross margin
The net margin for EchoStar Corp stands at -0.1. The total capital return value is set at 0.01. Equity return is now at value -14.56, with -5.38 for asset returns.
Based on EchoStar Corp (SATS), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 6.17.
Currently, EBITDA for the company is 2.08 billion with net debt to EBITDA at 12.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 15.16for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
In conclusion, EchoStar Corp (SATS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
