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Wednesday, February 1, 2023

An Evaluation Of DISH Network Corporation (NASDAQ: DISH) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for DISH Network Corporation (DISH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.77, or -4.87%, to $15.05. The DISH Network Corporation has recorded 69,271 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Nexstar-Operated Mission Broadcasting and White Knight Broadcasting Pull Local Channels from DISH TV Customers.

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Stocks Info

DISH belongs to the Communication Services sector of the NASDAQ while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $15.82 and fluctuated between $15.98 as its day high and $15.35 as its day low. The current market capitalization of DISH Network Corporation is $8.06B. A total of 3.44 million shares were traded on the day, compared to an average of 4.61M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DISH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 1 SELLs from insiders. Insiders purchased 3,771,888 shares during that period but sold 1,706,888.

In the most recent transaction, DEFRANCO JAMES bought 110,000 shares of DISH for 16.73 per share on Sep 06. After the transaction, the Director now owns 131,327 company shares. In a previous transaction on Aug 22, DEFRANCO JAMES bought 144,328 shares at 17.82 per share. DISH shares that Director owns now total 1,050,000.

Among the insiders who bought shares, DEFRANCO JAMES acquired of 191,735 shares on Aug 19 at a per-share price of $18.12. This resulted in the Director holding 905,672 shares of DISH after the transaction. In another insider transaction, DEFRANCO JAMES bought 163,637 shares at $18.11 per share on Aug 18. Company shares held by the Director now total 713,937.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DISH in the last 3 months, the mean price target is $32.38 with high estimates of $60.00 and low estimates of $16.00. In terms of 52-week highs and lows, DISH has a high of $37.28 and a low of $12.55.

As of this writing, DISH has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.34. The company reported an EPS of $0.68 in the last quarter, which was -9.30% lower than expectations of $0.75.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DISH is Underweight with a score of 4.17. A total of 10 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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