EchoStar Corp (NASDAQ: SATS) stock suffered a major decline of -16.6% on 8/9/24. The shares closed at $16.75. Moreover, exceptionally high trading volume at 294% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -16.0% 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 A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. EchoStar has a good Power Rating of 84 and a very high Appreciation Score of 100, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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