The stock price of EchoStar Corp (NASDAQ: SATS) has plunged by -13.31 when compared to previous closing price of 17.35, but the company has seen a -6.70% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Although the revenue and EPS for EchoStar (SATS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in EchoStar Corp (NASDAQ: SATS) Right Now?
The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SATS is 120.47M, and at present, short sellers hold a 12.55% of that float. On May 08, 2024, the average trading volume of SATS was 1.65M shares.
SATS’s Market Performance
SATS stock saw an increase of -6.70% in the past week, with a monthly gain of 10.10% and a quarterly increase of 13.51%. The volatility ratio for the week is 4.24%, and the volatility levels for the last 30 days are 4.60% for EchoStar Corp (SATS). The simple moving average for the last 20 days is -2.64% for SATS stock, with a simple moving average of 0.36% 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 4.53% 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 -39.35% of loss for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 4.24%, as shares surge +11.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.16% upper at present.
During the last 5 trading sessions, SATS fell by -6.70%, which changed the moving average for the period of 200-days by -21.95% in comparison to the 20-day moving average, which settled at $15.53. In addition, EchoStar Corp saw -9.23% 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 -0.09. 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 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.71. The interest coverage ratio of the stock is -6.86.
Currently, EBITDA for the company is 2.08 billion with net debt to EBITDA at 24.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.78. The receivables turnover for the company is 20.13for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
To sum up, EchoStar Corp (SATS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
