EchoStar (SATS) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EchoStar in the last twelve months. There are currently 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" SATS shares.
View SATS analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12 month price targets for EchoStar's shares. Their SATS share price forecasts range from $54.00 to $54.00. On average, they anticipate the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 202.0% from the stock's current price.
View analysts price targets for SATS or view top-rated stocks among Wall Street analysts.

EchoStar's stock was trading at $16.68 at the start of the year. Since then, SATS shares have increased by 7.2% and is now trading at $17.88.
View the best growth stocks for 2023 here.

EchoStar saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,910,000 shares, an increase of 51.6% from the August 15th total of 1,260,000 shares. Based on an average daily trading volume, of 472,500 shares, the days-to-cover ratio is presently 4.0 days. Approximately 5.7% of the company's stock are short sold.
View EchoStar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SATS earnings forecast.

EchoStar Co. (NASDAQ:SATS) announced its earnings results on Tuesday, August, 8th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.16. The communications equipment provider had revenue of $453.11 million for the quarter, compared to analyst estimates of $451.90 million. EchoStar had a trailing twelve-month return on equity of 3.78% and a net margin of 5.92%.

ETFs with the largest weight of EchoStar (NASDAQ:SATS) stock in their portfolio include Procure Space ETF (UFO), Inspire Fidelis Multi Factor ETF (FDLS), Invesco Bloomberg MVP Multi-factor ETF (PWC), SPDR S&P Telecom ETF (XTL), Invesco Nasdaq Future Gen 200 ETF (QQQS) and Royce Quant Small-Cap Quality Value ETF (SQLV).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

177 employees have rated EchoStar Chief Executive Officer Michael T. Dugan on Glassdoor.com. Michael T. Dugan has an approval rating of 44% among the company's employees. This puts Michael T. Dugan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EchoStar investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology (MRVL), Cisco Systems (CSCO), Block (SQ), Intel (INTC), Corning (GLW), QUALCOMM (QCOM) and Freeport-McMoRan (FCX).

EchoStar trades on the NASDAQ under the ticker symbol "SATS."

EchoStar's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.30%), Dimensional Fund Advisors LP (2.71%), Renaissance Technologies LLC (1.95%), JPMorgan Chase & Co. (1.07%), State Street Corp (0.98%) and Thompson Siegel & Walmsley LLC (0.98%). Insiders that own company stock include Anders N Johnson and R Stanton Dodge.
View institutional ownership trends.

Shares of SATS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SATS stock can currently be purchased for approximately $17.88.

EchoStar (NASDAQ:SATS) has a market capitalization of $1.50 billion and generates $2.00 billion in revenue each year. The communications equipment provider earns $177.05 million in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 2,300 workers across the globe.

EchoStar's mailing address is 100 INVERNESS TERRACE EAST, ENGLEWOOD CO, 80112. The official website for the company is www.echostar.com. The communications equipment provider can be reached via phone at (303) 706-4000 or via fax at 303-723-1999.