On 5/8/24, EchoStar Corp (NASDAQ: SATS) stock suffered a major decline of -11.0%, closing at $15.44. Moreover, this decline was accompanied by exceptionally high trading volume at 234% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.4% during the last week.
Current PriceTarget Research Rating
SATS is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
EchoStar 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. EchoStar has a very high Appreciation Score of 100 but a very low Power Rating of 3, leading to 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.
Be the first to comment