SATS Stock Summary and Trading Ideas (Echostar | NASDAQ:SATS)

Satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million US customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. The firm's focus is now on the wireless market. EchoStar has amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 900,000 internet customers.

Echostar trades on the NASDAQ stock market under the symbol SATS.

As of April 2, 2025, SATS stock price climbed to $26.35 with 495,871 million shares trading.

SATS has a beta of 1.04, meaning it tends to be more sensitive to market movements. SATS has a correlation of 0.07 to the broad based SPY ETF.

SATS has a market cap of $7.55 billion. This is considered a Mid Cap stock.

Last quarter Echostar reported $4 billion in Revenue and $1.23 earnings per share. This beat revenue expectation by $37 million and exceeded earnings estimates by $1.77.

In the last 3 years, SATS traded as high as $32.48 and as low as $9.53.

The top ETF exchange traded funds that SATS belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

SATS has outperformed the market in the last year with a price return of +87.7% while the SPY ETF gained +9.3%. SATS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.1% and +1.9%, respectively, while the SPY returned -3.5% and +0.8%, respectively.

SATS support price is $24.28 and resistance is $26.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SATS shares will trade within this expected range on the day.