DISH Network Corporation (NASDAQ:DISH) shares traded 2.52% higher at $6.11 on Wall Street last session.
DISH stock price is now -12.68% away from the 50-day moving average and -39.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.28B.
With the price target enhanced from $5 to $10, Barclays Upgraded its rating from Underweight to Equal Weight for DISH Network Corporation (NASDAQ: DISH).
In other news, ORBAN PAUL W, EXECUTIVE VICE PRESIDENT, CFO sold 47 shares of the company’s stock on Aug 11. The stock was sold for $385 at an average price of $8.20. Upon completion of the transaction, the EXECUTIVE VICE PRESIDENT, CFO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 22, EVP, CORPORATE DEVELOPMENT CULLEN THOMAS A sold 25,000 shares of the business’s stock. A total of $159,000 was realized by selling the stock at an average price of $6.36. This leaves the insider owning 226,050 shares of the company worth $1.38 million. Insiders disposed of 689,983 shares of company stock worth roughly $4.22 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $28,996,000. GOLDENTREE ASSET MANAGEMENT LP invested $16,814,000 in shares of DISH during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in DISH Network Corporation valued at approximately $9,932,000. WOLVERINE ASSET MANAGEMENT LLC acquired a new stake in DISH for approximately $5,335,000. ERGOTELES LLC purchased a new stake in DISH valued at around $3,988,000 in the second quarter. In total, there are 584 active investors with 82.90% ownership of the company’s stock.
DISH Network Corporation (NASDAQ: DISH) opened at $5.94 on Tuesday. During the past 12 months, DISH Network Corporation has had a low of $5.83 and a high of $19.89. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for DISH is $7.00 and a two-hundred day moving average price translates $10.00 for the stock.
The latest earnings results from DISH Network Corporation (NASDAQ: DISH) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.29 by 0.02. This compares to $0.85 EPS in the same period last year. The net profit margin was 11.10% and return on equity was 9.90% for DISH. The company reported revenue of $3.91 billion for the quarter, compared to $4.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.09 percent. For the current quarter, analysts expect DISH to generate $3.81B in revenue.
