DISH's Stock Price: A Tale of Falling Subscribers
Shareholder returns and stock trends
As of February 18, 2016, DISH Network Corporation (DISH) has generated returns of -44.3% in the trailing 12 months and -11.7% in the trailing-one-month period. The company’s share price rose by 8.7% in the trailing-five-day period.
By comparison, Charter Communications (CHTR), Time Warner Cable (TWC), and Cablevision Systems (CVC) have generated returns of 6.7%, 4.7%, and 0.6%, respectively, in the trailing-five-day period as of the same day.
On February 18, the last trading price of DISH was $43.17. The company’s stock was trading 6.2% below its 20-day moving average of $46, 17% below its 50-day moving average of $52, and 24.3% below its 100-day moving average of $57.
Moving average convergence divergence
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. DISH’s 14-day MACD of -2.88 shows a downward trading trend, as the figure is negative.
Notably, the company’s 14-day RSI (relative strength index) is 39, which shows that the stock is leaning toward being oversold. (If a stock’s RSI is above 70, it indicates that the stock has been overbought. An RSI of below 30 suggests that a stock has been oversold.)
Analyst recommendations
Of the 26 analysts covering DISH, nine have given it “buy” recommendations, three have given it “sell” recommendations, and 14 have given it “hold” recommendations. The analyst stock price target for DISH is ~$72.86, with a median target estimate of $66.5. DISH is trading at a discount of 54% with respect to its median target.
DISH Network makes up 0.21% of the PowerShares QQQ Trust Series 1 ETF (QQQ). QQQ also has 4.9% exposure to the television space.
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