Bears have made their way to DISH Network Corporation (NASDAQ:DISH) as short interest on DISH stock has climbed by 555,508 shares during the most recent reporting period. The most recent short interest data has been released for the December 31st settlement date, which shows a increase in total short interest for DISH, to 12,919,908, a surge of 4.49% since December 14th. Average daily volume for DISH Network Corporation at the December 31st settlement jumped to 4,307,274, as compared to 2,859,200 at the December 14th report. That brought days to cover to 2.999556, a 30.64% decrease from the 4.324426 days to cover recorded at the prior short interest data release.
DISH Network Corporation (DISH) will probably climb 72.21 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $175price as 12-month high target. This represents a whopping 511.03 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $37.5, which represents a return potential of 30.94 percent when compared to the closing price of the stock of $28.64 on Thursday, January 10. The lowest price target for the stock is $29 — slightly more than 1.26 percent from DISH’s current share price.
The stock is currently hovering around the first support level of $28.06. Below this, the next support is placed in the zone of $27.47. Till the time, the DISH stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 51.17 on daily chart, which may remain a cause for concern. If the price breaks below $27.47 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $29.03 mark may result into a pull-back move towards $29.41 level.
On 10th of January, DISH Network Corporation (NASDAQ:DISH) shares ended higher after a volatile session. The shares accumulated 0.38 points or 1.34 percent at $28.64 with a heavy trade volume of 3.887 million shares. After opening the session at $28.08, the shares went as high as $28.83 and as low as $27.86, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $12.3 billion and now has 427.98 million shares outstanding. DISH Network Corporation (DISH) stock has lost -10.44 percent of market value in 21 trading days.
DISH stock has a trailing 3-year beta of 1.36, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.71 a share in the trailing twelve months. The stock’s value has surged 14.7 percent year to date (YTD) against a decline of -41.03 percent in 12 month’s time. The company’s shares still trade -42.47 percent away from its 1-year high of $49.78 and 23.34 percent up from 52-week low of $23.22. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of DISH Network Corporation (DISH) are trading at a P/E ratio of 24.28 times earnings reported for the past 12 months. The industry DISH operates in has an average P/E of 24.34. Its P/E ratio went as low as 18.98X and as high as 35.72 over the 5-year span. Further, it is sporting a 0.89 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.36. 28.9 percent is the gross profit margin for DISH Network Corporation and operating margin sits at 14 percent. Along with this, the net profit margin is 19 percent.
Let’s take a look at some insider activity at DISH Network Corporation (NASDAQ:DISH) and see the pattern. The earliest insider trade took place on 01/07/2019. Defranco James gathered a total of 25 thousand shares of company at average share price of $28.38. The total for the purchase was set at $709.5 thousand. After this transaction, the Executive Vice President account balance stood at 1.45 million shares. The stock grew 0.92 percent since that insider purchase. On 12/31/2018, Defranco James, Executive Vice President, purchased 25 thousand shares at a price per share of $25.35. This added 633.75 thousand shares to the insider’s fortune and the stock saw a 12.98 percent rally in value since the news became public. This transaction left 1.42 million shares in the Executive Vice President account.
On 12/24/2018, Executive Vice President Defranco James performed a purchase transaction worth $625 thousand. This purchase at $25 each has added 25 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 14.56 percent increase since the transaction was reported. The insider now is left with 1.4 million shares remaining in the account. Defranco James, who performs the Executive Vice President job, bought 5 thousand shares for $139.95 thousand. The acquisition occurred on 12/19/2018 was priced at $27.99 per share. The share price soared 2.32 percent since the reporting date. Defranco James now left with a stake of 1.37 million DISH stock worth $39.33 million after the insider buying.