On 1/10/24, EchoStar Corp (NASDAQ: SATS) stock enjoyed a major increase of 31.5%, closing at $16.65. Moreover, exceptionally high trading volume at 736% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 6.0% during the last week.
Current PriceTarget Research Rating
SATS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
EchoStar has a current Value Trend Rating of C (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 94 but a very low Power Rating of 8, resulting in the Neutral Value Trend Rating.
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.
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