On 3/11/24, EchoStar Corp (NASDAQ: SATS) stock enjoyed a major increase of 10.7%, closing at $15.25. NORMAL trading volume accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 15.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SATS is expected to continue to be a modest Value Builder.
EchoStar has a current Value Trend Rating of C (Low 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 94 but a very low Power Rating of 1, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive 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