EchoStar (NASDAQ:SATS) Reaches New 52-Week High – What’s Next?

EchoStar Corporation (NASDAQ:SATS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $111.39 and last traded at $106.0220, with a volume of 1297202 shares trading hands. The stock had previously closed at $102.59.

Key Stores Impacting EchoStar

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: Hughes (an EchoStar company) launched ruggedized, transportable LEO terminals aimed at disaster response, gov/military and remote enterprise customers — a product expansion that supports near-term revenue opportunities from LEO services. Hughes Releases Transportable Terminals in Ruggedized Case for Rapid Connectivity
• Positive Sentiment: Speculation surfaced that SpaceX could pursue a public listing via a merger with EchoStar rather than a traditional IPO — a deal would be transformational for SATS equity value if it happened, but the scenario is highly speculative and would depend on complex regulatory and shareholder approvals. Could SpaceX Go Public Through a Merger With EchoStar (SATS)?
• Positive Sentiment: Recent bullish write-ups highlight a low forward P/E and a positive bull thesis around EchoStar’s networking assets and LEO positioning — these narratives can attract value-seeking investors and support multiple expansion. EchoStar Corporation (SATS): A Bull Case Theory
• Neutral Sentiment: Market reaction: SATS shares jumped on the mix of bullish coverage and merger chatter even as lawmakers flagged the spectrum sales — the move shows investor appetite but doesn’t resolve regulatory risk. EchoStar Stock (SATS) Jumps despite Antitrust Alarm over $40B AT&T, SpaceX Deals
• Negative Sentiment: Regulatory risk: two U.S. lawmakers publicly raised antitrust concerns about EchoStar’s ~$40B spectrum deals with AT&T and SpaceX, warning those transactions could reduce competition in wireless and satellite markets — this increases the chance of regulatory review, potential remedies, or deal delays that could hurt deal value and sentiment. Lawmakers raise concerns about Echostar deals to sell wireless spectrum to AT&T, SpaceX Lawmakers voice concerns about Echostar’s $40B spectrum deals with AT&T, SpaceX

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen lifted their target price on EchoStar from $28.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft raised their price objective on EchoStar from $97.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Citigroup boosted their target price on EchoStar from $85.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Cowen restated a “buy” rating on shares of EchoStar in a report on Wednesday, August 27th. Finally, Morgan Stanley upgraded shares of EchoStar from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $82.00 to $110.00 in a research note on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.60.

EchoStar Stock Performance

The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.56 and a current ratio of 0.61. The stock has a fifty day simple moving average of $78.27 and a two-hundred day simple moving average of $55.49. The stock has a market cap of $29.91 billion, a PE ratio of -2.31 and a beta of 1.03.

EchoStar (NASDAQ:SATS) last posted its earnings results on Thursday, November 6th. The communications equipment provider reported ($44.37) EPS for the quarter, missing analysts’ consensus estimates of ($1.23) by ($43.14). The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.75 billion. EchoStar had a positive return on equity of 0.39% and a negative net margin of 85.36%.The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.52) earnings per share. Equities analysts anticipate that EchoStar Corporation will post -1.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other EchoStar news, CEO Hamid Akhavan sold 285,832 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $105.33, for a total value of $30,106,684.56. Following the completion of the transaction, the chief executive officer directly owned 376,805 shares of the company’s stock, valued at $39,688,870.65. This represents a 43.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Swieringa sold 22,000 shares of EchoStar stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $67.34, for a total value of $1,481,480.00. Following the sale, the chief operating officer directly owned 283,509 shares in the company, valued at approximately $19,091,496.06. The trade was a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 55.90% of the company’s stock.

Hedge Funds Weigh In On EchoStar

A number of institutional investors have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D increased its holdings in shares of EchoStar by 34.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 89,902 shares of the communications equipment provider’s stock worth $2,490,000 after acquiring an additional 23,195 shares during the period. Quarry LP grew its position in EchoStar by 394.8% in the 1st quarter. Quarry LP now owns 20,055 shares of the communications equipment provider’s stock worth $513,000 after purchasing an additional 16,002 shares during the last quarter. Corebridge Financial Inc. grew its position in EchoStar by 196.8% in the 1st quarter. Corebridge Financial Inc. now owns 192,280 shares of the communications equipment provider’s stock worth $4,919,000 after purchasing an additional 127,496 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of EchoStar by 49.1% in the first quarter. Intech Investment Management LLC now owns 115,835 shares of the communications equipment provider’s stock valued at $2,963,000 after purchasing an additional 38,131 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of EchoStar by 13.1% during the second quarter. Legal & General Group Plc now owns 208,982 shares of the communications equipment provider’s stock valued at $5,789,000 after buying an additional 24,132 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Company Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.