EchoStar Corp (SATS) concluded trading on Thursday at a closing price of $22.28, with 3.8 million shares of worth about $84.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 64.31% during that period and on September 05, 2024 the price saw a gain of about 21.05%. Currently the company’s common shares owned by public are about 140.15M shares, out of which, 119.96M shares are available for trading.
Stock saw a price change of 16.47% in past 5 days and over the past one month there was a price change of 17.63%. Year-to-date (YTD), SATS shares are showing a performance of 34.46% which increased to 25.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.53 but also hit the highest price of $20.86 during that period. The average intraday trading volume for EchoStar Corp shares is 1.09 million. The stock is currently trading 21.54% above its 20-day simple moving average (SMA20), while that difference is up 18.93% for SMA50 and it goes to 42.26% higher than SMA200.
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EchoStar Corp (NASDAQ: SATS) currently have 140.15M outstanding shares and institutions hold larger chunk of about 42.65% of that.
The stock has a current market capitalization of $6.05B and its 3Y-monthly beta is at 0.69. It has posted earnings per share of -$7.92 in the same period. It has Quick Ratio of 0.32 while making debt-to-equity ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SATS, volatility over the week remained 7.22% while standing at 5.94% over the month.
Stock’s fiscal year EPS is expected to rise by 68.88% while it is estimated to decrease by -42.47% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on August 12, 2024 offering an Underweight rating for the stock and assigned a target price of $12 to it. Coverage by JP Morgan stated EchoStar Corp (SATS) stock as a Neutral in their note to investors on January 17, 2024, suggesting a price target of $18 for the stock. On August 07, 2023, Raymond James Upgrade their recommendations, while on November 04, 2022, Raymond James Downgrade their ratings for the stock with a price target of $27. Stock get a Neutral rating from Citigroup on October 04, 2019.
