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 $32.38, up from yesterday’s close by 0.81%. 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 $14.68 Billion. That value represents a market adjusting for revenues that have been falling by -6.03 % 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 $1.24 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.7 on a per share basis this quarter. Perhaps, that suggests something about why 0.85% 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 34.12% off that level. The stock is trading $34.07 its 50-day moving average by 1.69%. The stock carved out a 52-week low down at $28.80.

In recent action, DISH Network Corporation (DISH) has made a move of +1.73% 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 14.11, and it’s gotten there by action that has been more 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 5.66% with $221.90 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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