The stock price of EchoStar Corp (NASDAQ: SATS) has surged by 0.96 when compared to previous closing price of 24.88, but the company has seen a -2.29% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-15 that Recognized as a leading managed security service provider GERMANTOWN, Md., Oct. 15, 2024 /PRNewswire/ — Hughes Network Systems, an EchoStar company (Nasdaq: SATS), announced it was named the 2024 Managed Security Service Provider (MSSP) of the Year by CyberSecurity Breakthrough.
Is It Worth Investing in EchoStar Corp (NASDAQ: SATS) Right Now?
Company’s 36-month beta value is 0.71.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SATS is 119.99M, and currently, short sellers hold a 9.58% ratio of that floaft. The average trading volume of SATS on October 24, 2024 was 1.61M shares.
SATS’s Market Performance
SATS’s stock has seen a -2.29% decrease for the week, with a -0.83% drop in the past month and a 27.77% gain in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 5.63% for EchoStar Corp The simple moving average for the last 20 days is 0.04% for SATS stock, with a simple moving average of 41.22% for the last 200 days.
Analysts’ Opinion of SATS
JP Morgan, on the other hand, stated in their research note that they expect to see SATS reach a price target of $12. The rating they have provided for SATS stocks is “Underweight” according to the report published on August 12th, 2024.
JP Morgan gave a rating of “Neutral” to SATS, setting the target price at $18 in the report published on January 17th of the current year.
SATS Trading at 9.88% 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 -16.48% of loss for the given period.
Volatility was left at 5.63%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -2.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.91% upper at present.
During the last 5 trading sessions, SATS fell by -2.29%, which changed the moving average for the period of 200-days by +96.71% in comparison to the 20-day moving average, which settled at $25.11. In addition, EchoStar Corp saw 51.60% in overturn over a single year, with a tendency to cut further gains.
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 70,000 shares at $13.14 during a trade that took place back on Mar 06 ’24, which means that DEFRANCO JAMES is holding 176,951 shares at $919,800 based on the most recent closing price.
Stock Fundamentals for SATS
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.19 for the gross margin
The net margin for EchoStar Corp stands at -0.08. The total capital return value is set at 0.0. Equity return is now at value -17.76, with -6.68 for asset returns.
Based on EchoStar Corp (SATS), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 0.99.
Currently, EBITDA for the company is 2.08 billion with net debt to EBITDA at 9.61. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 22.88for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.40.
Conclusion
In a nutshell, EchoStar Corp (SATS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
