EchoStar Corp (NASDAQ: SATS) stock suffered a major decline of -10.7% on 1/19/24. The shares closed at $15.38. Moreover, trading volume in this decline was unusually high at 166% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SATS is expected to continue to be a modest Value Builder.
EchoStar has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. EchoStar has a very high Appreciation Score of 91 but a very low Power Rating of 7, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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