May Sees Significant Decrease in Short Interest for EchoStar Co.
June 27, 2023
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ECHOSTAR ($NASDAQ:SATS): EchoStar Corporation is an American company specializing in the development, manufacturing, and distribution of digital television and broadband satellite technologies. In May of this year, EchoStar Co. saw a significant decrease in its short interest. Short interest represents the total number of shares investors have sold short, but have not yet been covered. This is good news for EchoStar Corporation, as it indicates an increase in investor confidence in their stock. This confidence can be attributed to the company’s strong financial performance over the previous year.
It is clear that EchoStar Co.’s stock has been performing well recently, despite the decrease in short interest. Investors are optimistic about the company’s future prospects and this trend should continue in the coming months. With their innovative technology and products, EchoStar Corporation is well-positioned for success in the future.
Price History
The stock opened at $16.3 and closed at $16.2, down 0.6% from the last closing price of $16.3. This decrease in short interest indicates a shift in investor sentiment and may point to a more promising future outlook for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Echostar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.94k | 114.66 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Echostar Corporation. More…
| Operations | Investing | Financing |
| 471.68 | -386.14 | -51.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Echostar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.19k | 2.55k | 42.41 |
Key Ratios Snapshot
Some of the financial key ratios for Echostar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.7% | 47.0% | 10.7% |
| FCF Margin | ROE | ROA |
| 9.8% | 3.7% | 2.1% |
Analysis
GoodWhale has been analyzing the fundamentals of ECHOSTAR CORPORATION and have concluded that it is strong in asset, medium in profitability and weak in dividend and growth. According to our Star Chart system, ECHOSTAR CORPORATION falls under the category of ‘elephant’, which means they are rich in assets after deducting off liabilities. With a high health score of 8/10 based on its cashflows and debt, it is capable of sustaining future operations in times of crisis. This type of company may be attractive to investors who are looking for stability and those who are interested in long-term returns. Those seeking short-term gains may be better off investing elsewhere, as there may be more volatile opportunities that offer more immediate returns. More…
Peers
The company has three main competitors: Gemtek Technology Co Ltd, Edimax Technology Co Ltd, and Teleste Oyj. All three companies provide similar services and products, but each has a different focus. For example, Gemtek Technology Co Ltd focuses on providing equipment for broadband and wireless networks, while Edimax Technology Co Ltd focuses on manufacturing networking equipment. Teleste Oyj, on the other hand, focuses on providing solutions for cable and broadband operators.
– Gemtek Technology Co Ltd ($TWSE:4906)
Gemtek Technology Co Ltd is a Taiwanese company that designs, manufactures and sells a wide range of information and communications technology products. The company has a market cap of 10.26B as of 2022 and a return on equity of 3.01%. Gemtek’s products include routers, switches, wireless access points, set-top boxes, VoIP phones and other networking equipment. The company also provides contract manufacturing services for a number of electronics companies. Gemtek has a strong presence in the Asia-Pacific region and also has operations in Europe and the Americas.
– Edimax Technology Co Ltd ($TWSE:3047)
Edimax Technology Co Ltd is a Taiwanese networking company that specializes in the production of a wide range of networking solutions. The company has a market cap of 3.15 billion as of 2022 and a return on equity of 4.99%. Edimax’s products include routers, switches, IP cameras, print servers, and Wi-Fi adapters. The company has a strong presence in Asia, Europe, and the Americas.
– Teleste Oyj ($LTS:0K1Q)
Teleste Oyj is a Finnish manufacturer of broadband video and data communication systems and equipment for cable and telephone operators and other types of telecommunications providers. The company has a market cap of 63.43M as of 2022 and a Return on Equity of 3.58%. Teleste offers its customers solutions for the efficient deployment and management of high-quality voice, video and data communication services. Its products are used in cable and telephone networks, as well as in public safety and security systems.
Summary
ECHOSTAR CORPORATION is a publicly traded company on the NASDAQ that provides satellite services and technologies for the broadcast, telecommunications, and broadband industries. This decline could be seen as a sign of optimism by some investors who may believe ECHOSTAR will experience an increase in share price.
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