DISH Network Corporation (DISH): What’s the Story?

DISH Network Corporation (DISH) is an interesting player in the Services space, with a focus on CATV Systems. The stock has been active on the tape, currently trading at $44.33, up from yesterday’s close by 0.75%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

DISH Network Corporation (DISH) currently trades with a market capitalization of $20.85 Billion. That value represents a market adjusting for revenues that have been falling by -4.88 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.66 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.55 on a per share basis this quarter. Perhaps, that suggests something about why 0.86% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, DISH Network Corporation recorded a 52-week high of $66.50. It is now trading 22.17% off that level. The stock is trading $47.75 its 50-day moving average by 3.42%. The stock carved out a 52-week low down at $42.28.

In recent action, DISH Network Corporation (DISH) has made a move of -7.63% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.48% with $219.76 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DISH.

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