News to Watch: EchoStar Corporation (NASDAQ:SATS)

EchoStar Corporation (NASDAQ:SATS) stock declared change of 41.02% away from 52-week low price and recently located move of -11.30% off 52-week high price. It has market worth of $3.85B. SATS stock has been recorded -3.88% away from 50 day moving average and 5.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.24% off 20-day moving average.

On Feb. 20, 2020, EchoStar Corporation (NASDAQ:SATS) released its financial results for the three and twelve months ended December 31, 2019.

Three Months Ended December 31, 2019 Financial Highlights:

  • Consolidated revenues of $499.0 million.
  • Net loss from continuing operations of $56.3 million, consolidated net loss attributable to EchoStar common stock of $53.1 million, and diluted loss per share of $(0.55).
  • Consolidated Adjusted EBITDA of $155.9 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).
  • Twelve Months Ended December 31, 2019 Financial Highlights:
  • Consolidated revenues of $1.9 billion.
  • Net loss from continuing operations of $113.7 million, consolidated net loss attributable to EchoStar common stock of $62.9 million, and diluted loss per share of $(0.65).
  • Consolidated Adjusted EBITDA of $582.8 million (see discussion and the reconciliation of GAAP to this non-GAAP measure below).

The Technology sector company, EchoStar Corporation noticed change of 1.09% to $40.05 along volume of 881706 shares in recent session compared to an average volume of 403.63K. The stock observed return of 1.39% in 5 days trading activity. The stock was at -4.57% over one month performance. SATS’s shares are at -0.47% for the quarter and driving a 13.27% return over the course of the past year and is now at -7.53% since this point in 2018.

The average volatility for the week at 3.84% and for month was at 2.64%. There are 96.03M shares outstanding and 47.61M shares are floated in market. Right now the stock beta is 0.8.

Leave a Reply

Your email address will not be published. Required fields are marked *