Checking the Overall Picture for DISH Network Corporation (DISH)

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 $53.26, up from yesterday’s close by 0.02%. 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

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. DISH Network Corporation (DISH) currently trades with a market capitalization of $24.82 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For DISH, the company currently has $2.37 Billion of cash on the books, which is offset by $2.14 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $2.67 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.6 on a per share basis this quarter. Perhaps, that suggests something about why 27.16% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, DISH Network Corporation recorded a 52-week high of $66.50. It is now trading 13.24% off that level. The stock is trading $58.93 its 50-day moving average by 5.67%. The stock carved out a 52-week low down at $52.14.

In recent action, DISH Network Corporation (DISH) has made a move of -7.07% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.63, 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 7.62% with $220.18 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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