Extremely significant positive changes in DISH Network Corp (NASDAQ: DISH) investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Recent moderate positive changes in fundamentals have benefitted DISH Network Corp (NASDAQ: DISH). Positive developments: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
DISH is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DISH Network has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. DISH Network has a very high Appreciation Score of 99 but a very low Power Rating of 7, triggering the Neutral Value Trend Rating.
Recent Price Action
On 12/29/23, DISH Network Corp (NASDAQ: DISH) stock increased 1.9%, closing at $5.77. Moreover, exceptionally high trading volume at 458% of normal accompanied the advance. The stock has risen 21.0% during the last week but has been extremely weak relative to the market over the last nine months.
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