EchoStar (SATS) Stock Forecast, Price & News

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

1 brokers have issued 12-month target prices for EchoStar's stock. Their SATS share price forecasts range from $28.00 to $28.00. On average, they anticipate the company's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 77.6% 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 beginning of 2023. Since then, SATS stock has decreased by 5.5% and is now trading at $15.77.
View the best growth stocks for 2023 here.

EchoStar saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,800,000 shares, a decrease of 14.6% from the April 30th total of 3,280,000 shares. Based on an average trading volume of 236,900 shares, the short-interest ratio is currently 11.8 days. Approximately 8.4% of the company's stock are sold short.
View EchoStar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SATS earnings forecast.

EchoStar Co. (NASDAQ:SATS) posted its earnings results on Monday, November, 8th. The communications equipment provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The communications equipment provider earned $504.66 million during the quarter, compared to the consensus estimate of $496 million. EchoStar had a net margin of 5.92% and a trailing twelve-month return on equity of 3.78%. During the same quarter last year, the business earned $0.26 EPS.

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 Dynamic Market ETF (PWC), SPDR S&P Telecom ETF (XTL), Royce Quant Small-Cap Quality Value ETF (SQLV), Invesco Nasdaq Future Gen 200 ETF (QQQS), First Trust Active Factor Mid Cap ETF (AFMC) and First Trust Active Factor Small Cap ETF (AFSM).

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.70%), Dimensional Fund Advisors LP (2.84%), Renaissance Technologies LLC (2.07%), JPMorgan Chase & Co. (1.15%), State Street Corp (1.01%) and Thompson Siegel & Walmsley LLC (1.01%). 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 $15.77.

EchoStar (NASDAQ:SATS) has a market capitalization of $1.32 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 $1.37 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.