EchoStar Stock Price, News & Analysis (NASDAQ:SATS)

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

2 brokers have issued 12-month price targets for EchoStar's shares. Their SATS share price targets range from $17.00 to $37.00. On average, they anticipate the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 150.7% 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 stock has decreased by 35.4% and is now trading at $10.77.
View the best growth stocks for 2023 here.

EchoStar saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,680,000 shares, an increase of 27.6% from the October 31st total of 2,100,000 shares. Based on an average daily trading volume, of 648,500 shares, the days-to-cover ratio is currently 4.1 days. Currently, 7.9% of the shares of the company are sold short.
View EchoStar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our SATS earnings forecast.

EchoStar Co. (NASDAQ:SATS) released its quarterly earnings data on Monday, November, 6th. The communications equipment provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.17. The communications equipment provider earned $413.07 million during the quarter, compared to analysts' expectations of $479 million. EchoStar had a trailing twelve-month return on equity of 3.47% and a net margin of 5.14%.

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's stock is owned by many different retail and institutional investors. Top institutional investors include Beryl Capital Management LLC (2.57%), Charles Schwab Investment Management Inc. (0.85%), Gabelli Funds LLC (0.83%), Thompson Siegel & Walmsley LLC (0.83%), Qube Research & Technologies Ltd (0.72%) and JPMorgan Chase & Co. (0.68%). Insiders that own company stock include Anders N Johnson and R Stanton Dodge.
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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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