Dish Network Corp (NASDAQ: DISH) stock jumped 7.53% on Friday to $3.57 against a previous-day closing price of $3.32. With 12.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.65 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $3.5800 whereas the lowest price it dropped to was $3.2550. The 52-week range on DISH shows that it touched its highest point at $16.45 and its lowest point at $3.21 during that stretch. It currently has a 1-year price target of $6.69. Beta for the stock currently stands at 1.67.
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 3.78%, but this was down by -27.88% over a month. Three-month performance dropped to -44.22% while six-month performance fell -46.72%. The stock lost -77.29% in the past year, while it has lost -74.57% so far this year. A look at the trailing 12-month EPS for DISH yields 1.87 with Next year EPS estimates of -0.40. For the next quarter, that number is 0.01. This implies an EPS growth rate of -89.93% for this year and -211.41% for next year.
Float and Shares Shorts:
At present, 292.66 million DISH shares are outstanding with a float of 246.73 million shares on hand for trading. On Oct 30, 2023, short shares totaled 56.27 million, which was 10.53% higher than short shares on Sep 28, 2023. In addition to Mr. Charles William Ergen as the firm’s Co-Founder & Executive Chairman, Mr. Paul W. Orban serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 84.82% of DISH’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DISH since 0 analysts follow the stock currently. 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 $13.00 and a low target of $1.00, the average target price over the next 12 months is $6.69. Based on these targets, DISH could surge 264.15% to reach the target high and fall by -71.99% to reach the target low. Reaching the average price target will result in a growth of 87.39% from current levels.
Summary of Insider Activity:
Insiders traded DISH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 5,496,482 while 690,030 shares were sold.
