Extremely significant negative changes in EchoStar Corp (NASDAQ: SATS) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected EchoStar Corp (NASDAQ: SATS): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EchoStar has a very high Appreciation Score of 91 but a very low Power Rating of 1, with the Low Neutral Value Trend Rating the result.
Recent Price Action
EchoStar Corp (NASDAQ: SATS) stock closed at $13.83 on 3/22/24 after a decline of -2.2%. However, exceptionally low trading volume at 42% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -2.1% during the last week.
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