DISH Network Corporation (DISH) Positive Triggers Remain Out Of Sight?

DISH Network Corporation (NASDAQ:DISH) is rated as Buy by analysts at Pivotal Research Group. The firm was pushed by the stock performance to change their PT view from $40 to $37 on November 02. Analysts at Macquarie, shed their positive views on October 23 by lowering it fromNeutral to Underperform. The stock lost favor of MoffettNathanson analysts who expressed their lack of confidence in it using a downgrade from Neutral to Sell on August 13. Credit Suisse, released new analyst coverage on July 11, calling the stock is Underperform.

DISH Network Corporation (DISH) hit an intraday high Thursday at $32.02. The shares finished at $32, after trading as low as $30.97 earlier in the session. It rose 0.22% in recent trade and currently has a stock-market value of $15.06B. Trading activity significantly improved as the volume at ready counter increased to 3,068,447 shares versus 2,812,520 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,922,548 shares. The stock is now 16.19% above against its bear-market low of $27.54 on October 29, 2018. It has retreated -57.78% since it’s 52-week high of $50.49 reached in January. Now the market price is down -38.5% on the year and down -32.98% YTD.

DISH’s 50 day simple moving average (SMA 50) price is $32.67 and its 200-day simple moving average (SMA 200) price is $34.62. The company’s stock currently has a total float of 221.26M shares. Its weekly volatility is hovering around 3.39% and felt 4.01% volatility in price over a month. On the upside, the share price will test short term resistance at around $32.36. On a downside, the stock is likely to find some support, which begins at $31.31. The failure to get near-term support could push it to $30.61.

Separately, it has been reported that multiple insider activity took place at DISH Network Corporation (DISH). Executive Vice President Defranco James acquired 5,000 shares for $1,333,356 in transaction occurred on 2018/12/03. After making this transaction, the Executive Vice President owns a direct stake of 164,950 shares, worth $42,667,392, as per the last closing price. On 2018/11/20 Defranco James, Executive Vice President at DISH, purchased 15,000 shares at an average price of $32.28 per share. The new stake is valued at $42,507,392.

Executive Vice President, Defranco James had invested in 10,000 shares for $1,313,356 through a trade on 2018/11/12. Following this activity, the insider holds 317,700 shares worth $42,027,392 as of recent close. Wall Street’s most bullish DISH Network Corporation (NASDAQ:DISH) analysts are predicting the share price to blow past $175 per share during the next 12 months. The current median share price forecast by them is $39, suggesting that the stock could increase 21.88% in that time frame. The average price target of $50.05 calls for a nearly 56.41% increase in the stock price.

When looking at valuations, DISH Network Corporation (DISH) has a cheap P/E of 11.82x as compared to industry average of 16.03x. Moreover, it trades for 12.86 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.82x price/book and 1.09x price/sales. Compared to others, DISH Network Corporation is in a different league with regards to profitability, having net margins of 19%. To put some perspective around this, the industry’s average net margin is 34.42%. DISH’s ROE is 34.6%, which is also considerably better than the industry’s ROE of 12.36%. It’s also not liquid in the near term, with a current ratio of 0.6. The stock has a debt/capital of 1.84.

Shares of DISH Network Corporation (DISH) have gained 1.4% since the company’s last earnings report. Over the past 12 fiscal quarters, DISH Network Corporation (NASDAQ:DISH) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. DISH last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.82 per share, -96.27% change on the same period last year. That was better than consensus for $0.67. Revenue for the recent quarter stood at $3.4 billion, down -5% on last year and below the $3.4 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.2 billion to $3.36 billion, which should be compared with $3.39 billion generated last year. EPS is seen in a range of $0.53 to $0.79, against the $0.47 reported a year ago.