Dish Network (DISH:NSD) has seen a decline of about 8% in the DISH stock price during the last week. The stock price remained relatively stable over the past month.
In comparison, the broader markets have increased by 4% during the past month. The recent decline in the DISH stock can be attributed to a contraction in the company’s pay-TV subscriber base, which includes both its Dish TV satellite and Sling TV Internet-based users.
The company lost 270,000 subscribers in Q4 2022, reversing the gain of 30,000 subscribers in Q3. Additionally, the possibility of a recession in the US economy, coupled with the Federal Reserve’s interest rate hikes, could present challenges for Dish given its high debt and declining core pay-TV operations.
Future of DISH Stock:
When considering the near-term trend of Dish stock, historical performance shows that there is roughly an equal chance of a rise or decline in the stock over the next month. Out of 1291 instances in the last 10 years when the stock saw a trailing 21-day rise of 0.2% or more, 634 of those instances resulted in the stock rising over the subsequent one-month period. This reflects a 49% chance of a rise in Dish stock over the next month.
DISH Stock Price Performance:
DISH Network Corporation, a publicly traded company, has received an average target price of USD 28.93 from 13 analysts for the next 12 months. This is based on the company’s average analyst rating of “Buy.” However, the Stock Target Advisor’s own analysis of DISH Network Corporation’s stock is “Neutral,” which is based on a combination of 5 positive signals and 6 negative signals.
The last closing price for DISH Network Corporation’s stock was USD 14.28. Over the past week, the stock price has changed by -1.52%, over the past month by -1.24%, and over the last year by -53.68%. This suggests that the stock has seen a decline in recent months, and the analyst target price is higher than the current stock price.
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless.
It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
The company offers receiver systems and programming through direct sales channels, as well as independent third parties, such as small retailers, direct marketing groups, local and regional consumer electronics stores, retailers, and telecommunications companies.
DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado.