The time has not yet come to remove your chips from the table: DISH Network Corporation (DISH)

DISH Network Corporation (NASDAQ: DISH) stock jumped 2.65% on Wednesday to $15.89 against a previous-day closing price of $15.48. With 2.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.44 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $15.94 whereas the lowest price it dropped to was $15.41. The 52-week range on DISH shows that it touched its highest point at $37.28 and its lowest point at $12.55 during that stretch. It currently has a 1-year price target of $33.94. Beta for the stock currently stands at 1.81.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DISH was up-trending over the past week, with a rise of 1.08%, but this was up by 6.29% over a month. Three-month performance dropped to -14.39% while six-month performance fell -27.64%. The stock lost -52.04% in the past year, while it has lost -51.02% so far this year. A look at the trailing 12-month EPS for DISH yields 3.01 with Next year EPS estimates of 1.48. For the next quarter, that number is 0.50. This implies an EPS growth rate of 25.60% for this year and -44.26% for next year.

Float and Shares Shorts:

At present, 530.44 million DISH shares are outstanding with a float of 251.08 million shares on hand for trading. On Oct 13, 2022, short shares totaled 29.86 million, which was 5.63% higher than short shares on Sep 14, 2022. In addition to Mr. Charles William Ergen as the firm’s Co-Founder & Exec. Chairman, Mr. W. Erik Carlson serves as its Pres, CEO & Director.


Institutional Ownership:

Through their ownership of 84.66% of DISH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.37% of DISH, in contrast to 37.92% held by mutual funds. Shares owned by individuals account for 14.85%. As the largest shareholder in DISH with 13.49% of the stake, Dodge & Cox holds 39,364,166 shares worth 39,364,166. A second-largest stockholder of DISH, The Vanguard Group, Inc., holds 26,897,703 shares, controlling over 9.22% of the firm’s shares. Eagle Capital Management LLC is the third largest shareholder in DISH, holding 17,131,007 shares or 5.87% stake. With a 9.02% stake in DISH, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 26,325,837 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.57% of DISH stock, is the second-largest Mutual Fund holder. It holds 7,488,201 shares valued at 111.65 million. Vanguard Mid Cap Index Fund holds 1.99% of the stake in DISH, owning 5,799,724 shares worth 86.47 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DISH since 14 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DISH analysts setting a high price target of $60.00 and a low target of $16.00, the average target price over the next 12 months is $33.58. Based on these targets, DISH could surge 277.6% to reach the target high and rise by 0.69% to reach the target low. Reaching the average price target will result in a growth of 111.33% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DISH will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $2.84 being high and $2.20 being low. For DISH, this leads to a yearly average estimate of $2.62. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DISH Network Corporation surprised analysts by $0.04 when it reported $0.65 EPS against a consensus estimate of $0.61. The surprise factor in the prior quarter was $0.17. Based on analyst estimates, the high estimate for the next quarter is $0.70 and the low estimate is $0.36. The average estimate for the next quarter is thus $0.53.

Summary of Insider Activity:

Insiders traded DISH stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 110,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 11,277,318 while 9,209,056 shares were sold.

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