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. EchoStar has agreed to sell this business to television rival DirecTV. 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 1 million internet customers.

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

As of February 24, 2025, SATS stock price declined to $29.00 with 1,210,188 million shares trading.

SATS has a beta of 0.70, meaning it tends to be less sensitive to market movements. SATS has a correlation of 0.03 to the broad based SPY ETF.

SATS has a market cap of $8.30 billion. This is considered a Mid Cap stock.

Last quarter Echostar reported $4 billion in Revenue and -$.52 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.13.

In the last 3 years, SATS traded as high as $30.55 and as low as $9.53.

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

SATS has outperformed the market in the last year with a return of +114.7%, while the SPY ETF gained +21.5%. In the last 3 month period, SATS beat the market returning +23.0%, while SPY returned +0.9%. However, in the most recent 2 weeks SATS has underperformed the stock market by returning -0.7%, while SPY returned -0.6%.

SATS support price is $28.90 and resistance is $30.24 (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.