EchoStar Corp (NASDAQ:SATS) price closed lower on Friday, April 12, dropping -1.73% below its previous close.
A look at the daily price movement shows that the last close reads $14.45. The company’s 5Y monthly beta was ticking 0.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $24.80 and 52-week low of $9.53. The stock subtracted -8.15% on its value in the past month.
EchoStar Corp, which has a market valuation of $3.86 billion, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SATS a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that SATS’s price is at present 4.24% off the SMA20 and 5.12% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.16, with weekly volatility standing at 4.13%. The indicator jumps to 5.91% when calculated based on the past 30 days. EchoStar Corp (NASDAQ:SATS)’s beta value is holding at 0.68, while the average true range (ATR) indicator is currently reading 0.78. An analysis of the EchoStar Corp (NASDAQ:SATS) stock in terms of its daily trading volume indicates that the 3-month average is 1.99 million.
Current records show that the company has 140.15M in outstanding shares. The insiders’ percentage holdings are 55.63% of outstanding shares while the percentage share held by institutions stands at 16.40%. But the -14.30% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
