A new trading day began on November 20, 2023, with Dish Network Corp (NASDAQ: DISH) stock priced at $3.53, up 2.24% from the previous day of trading. During the day, the shares moved up to $3.67 and dropped to $3.47 before settling in for the closing price of $3.57. DISH’s price has ranged from $3.21 to $16.45 over the past 52 weeks.
It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 3.67%. Meanwhile, its annual earnings per share averaged -90.87%. With a float of $246.73 million, this company’s outstanding shares have now reached $292.66 million.
The extent of productivity of a business whose workforce counts for 14200 workers is very important to gauge. In terms of profitability, gross margin is +27.53, operating margin of +12.26, and the pretax margin is +18.61.
Dish Network Corp (DISH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Dish Network Corp is 53.83%, while institutional ownership is 46.21%. The most recent insider transaction that took place on Aug 11, was worth 385. In this transaction EXECUTIVE VICE PRESIDENT, CFO of this company sold 47 shares at a rate of $8.20, taking the stock ownership to the 0 shares. Before that another transaction happened on Jun 22, when Company’s EVP, CORPORATE DEVELOPMENT sold 25,000 for $6.36, making the entire transaction worth $159,000. This insider now owns 226,050 shares in total.
Dish Network Corp (DISH) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.26 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +13.81 while generating a return on equity of 13.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -90.87% per share during the next fiscal year.
Dish Network Corp (NASDAQ: DISH) Trading Performance Indicators
Here are Dish Network Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.87, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.40 in one year’s time.
Technical Analysis of Dish Network Corp (DISH)
The latest stats from [Dish Network Corp, DISH] show that its last 5-days average volume of 11.07 million was superior to 9.88 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 54.70%. Additionally, its Average True Range was 0.33.
During the past 100 days, Dish Network Corp’s (DISH) raw stochastic average was set at 7.97%, which indicates a significant decrease from 18.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 205.56% in the past 14 days, which was higher than the 93.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.02, while its 200-day Moving Average is $7.39. Now, the first resistance to watch is $3.72. This is followed by the second major resistance level at $3.80. The third major resistance level sits at $3.92. If the price goes on to break the first support level at $3.52, it is likely to go to the next support level at $3.40. The third support level lies at $3.32 if the price breaches the second support level.
Dish Network Corp (NASDAQ: DISH) Key Stats
With a market capitalization of 1.95 billion, the company has a total of 534,390K Shares Outstanding. Currently, annual sales are 16,679 M while annual income is 2,303 M. The company’s previous quarter sales were 3,705 M while its latest quarter income was -139,190 K.