Healthy Upside Potential: EchoStar Corp (SATS)

With 1.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 shares. The 52-week range on SATS shows that it touched its highest point at $24.80 and its lowest point at $9.53 during that stretch. It currently has a 1-year price target of $21.78. Beta for the stock currently stands at 0.70.

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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 SATS was up-trending over the past week, with a rise of 0.82%, but this was down by -18.80% over a month. Three-month performance surged to 26.95% while six-month performance fell -41.92%. The stock lost -21.49% in the past year, while it has lost -18.41% so far this year. A look at the trailing 12-month EPS for SATS yields 1.12 with Next year EPS estimates of -0.40. For the next quarter, that number is 0.04. This implies an EPS growth rate of -70.34% for this year and -163.43% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.36%.

Float and Shares Shorts:

At present, 271.41 million SATS shares are outstanding with a float of 120.51 million shares on hand for trading. On Jan 31, 2024, short shares totaled 15.62 million, which was 5.75% higher than short shares on Dec 29, 2023. In addition to ASTS as the firm’s AST SpaceMobile, Inc., SATS serves as its EchoStar Corporation.

Institutional Ownership:

Through their ownership of 22.28% of SATS’s outstanding shares, institutional investors have minority 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 SATS 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 SATS analysts setting a high price target of $39.00 and a low target of $11.00, the average target price over the next 12 months is $21.78. Based on these targets, SATS could surge 188.46% to reach the target high and fall by -18.64% to reach the target low. Reaching the average price target will result in a growth of 61.09% from current levels.

Summary of Insider Activity:

Insiders traded SATS 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 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 100,000 while 0 shares were sold.