DISH Network Corporation (DISH) – Mismatched value: Check Out the Fundamental Analysis

In yesterday’s Wall Street session, DISH Network Corporation (NASDAQ:DISH) shares traded at $6.86, up 5.86% from the previous session.

As of this writing, 17 analysts cover DISH Network Corporation (NASDAQ:DISH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $5.00, we find $11.00. Given the previous closing price of $6.48, this indicates a potential upside of 69.75 percent. DISH stock price is now -17.53% away from the 50-day moving average and -49.45% away from the 200-day moving average. The market capitalization of the company currently stands at $3.69B.

There are 8 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $14.79 as their price target over the next twelve months.

With the price target reduced from $27 to $10, UBS Downgraded its rating from Buy to Neutral for DISH Network Corporation (NASDAQ: DISH). On February 28, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $30 to quote $10, while ‘Goldman’ rates the stock as ‘Neutral’.

In other news, DEFRANCO JAMES, Director bought 1,000,000 shares of the company’s stock on May 12. The stock was bought for $6,146,000 at an average price of $6.15. Upon completion of the transaction, the Director now directly owns 5,367,658 shares in the company, valued at $36.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Director DEFRANCO JAMES bought 2,000,000 shares of the business’s stock. A total of $12,440,000 was incurred on buying the stock at an average price of $6.22. This leaves the insider owning 4,767,658 shares of the company worth $32.71 million. Insiders disposed of 2,322,386 shares of company stock worth roughly $15.93 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in DISH stock. A new stake in DISH Network Corporation shares was purchased by CHATHAM ASSET MANAGEMENT, LLC during the first quarter worth $14,934,000. RENAISSANCE TECHNOLOGIES LLC invested $14,908,000 in shares of DISH during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in DISH Network Corporation valued at approximately $9,226,000. HOLOCENE ADVISORS, LP acquired a new stake in DISH for approximately $2,810,000. SIMPLEX TRADING, LLC purchased a new stake in DISH valued at around $2,807,000 in the second quarter. In total, there are 620 active investors with 82.90% ownership of the company’s stock.

Wednesday morning saw DISH Network Corporation (NASDAQ: DISH) opened at $6.53. During the past 12 months, DISH Network Corporation has had a low of $5.94 and a high of $23.49. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for DISH is $8.23 and a two-hundred day moving average price translates $13.52 for the stock.

The latest earnings results from DISH Network Corporation (NASDAQ: DISH) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $0.35, missing analysts’ expectations of $0.36 by -0.01. This compares to $0.71 EPS in the same period last year. The net profit margin was 12.80% and return on equity was 12.00% for DISH. The company reported revenue of $3.96 billion for the quarter, compared to $4.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.63 percent. For the current quarter, analysts expect DISH to generate $3.92B in revenue.

DISH Network Corporation(DISH) Company Profile

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages. The company also provides access to movies and television shows through TV or Internet-connected devices; and dishanywhere.com and mobile applications on Internet-connected devices to view authorized content, search program listings, and remotely control certain features of their DVRs. In addition, it offers Sling TV services, including Sling domestic, Sling International, Sling Latino, Sling Orange, and Sling Blue services that require an internet connection and are available on streaming-capable devices, such as streaming media devices, TVs, tablets, computers, game consoles, and phones, as well as market SLING TV services to consumers who do not subscribe to traditional satellite and cable pay-TV services. Further, the company provides wireless subscribers consumer plans with no annual service contracts, as well as monthly service plans, including high-speed data and unlimited talk and text. The company offers receiver systems and programming through direct sales channels, as well as independent third parties, such as small retailers, direct marketing groups, local and regional consumer electronics stores, retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado.