Currently, there are 155.26M common shares owned by the public and among those 132.38M shares have been available to trade.
The company’s stock has a 5-day price change of -20.21% and -47.97% over the past three months. SATS shares are trading -29.48% year to date (YTD), with the 12-month market performance down to -12.70% lower. It has a 12-month low price of $14.79 and touched a high of $32.48 over the same period. SATS has an average intraday trading volume of 2.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.77%, -28.19%, and -33.43% respectively.
Institutional ownership of EchoStar Corp (NASDAQ: SATS) shares accounts for 48.55% of the company’s 155.26M shares outstanding.
It has a market capitalization of $4.64B and a beta (3y monthly) value of 0.75. The earnings-per-share (ttm) stands at -$0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.31% over the week and 6.84% over the month.
Earnings per share for the fiscal year are expected to decrease by -792.15%, and -22.35% over the next financial year.
Looking at the support for the SATS, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 16, 2024, with the firm’s price target at $25. JP Morgan was of a view on August 12, 2024 that the stock is Underweight, while JP Morgan gave the stock Neutral rating on January 17, 2024, issuing a price target of $18. Raymond James on their part issued Strong Buy rating on August 07, 2023.
