The stock of DISH Network Corporation (NASDAQ:DISH) last traded at $6.13, down -0.16% from the previous session.
Data from the available sources indicates that DISH Network Corporation (NASDAQ:DISH) is covered by 17 analysts. The consensus rating among analysts is ‘Overweight’. 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 $9.55. Given the previous closing price of $6.14, this indicates a potential upside of 55.54 percent. DISH stock price is now -12.16% away from the 50-day moving average and -37.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.12B.
In total, 8 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $12.98 as their price target over the next twelve months.
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 $1.39 million. Insiders disposed of 689,983 shares of company stock worth roughly $4.23 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 $29,091,000. GOLDENTREE ASSET MANAGEMENT LP invested $16,869,000 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 $9,965,000. WOLVERINE ASSET MANAGEMENT LLC acquired a new stake in DISH for approximately $5,352,000. ERGOTELES LLC purchased a new stake in DISH valued at around $4,002,000 in the second quarter. In total, there are 584 active investors with 82.90% ownership of the company’s stock.
With an opening price of $6.14 on Tuesday morning, DISH Network Corporation (NASDAQ: DISH) set off the trading day. 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 $6.97 and a two-hundred day moving average price translates $9.77 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.
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.
