DISH Stock Forecast: Stock trading 12-month low. Inflation pressure kicks in?





DISH Stock Forecast: Stock trading 12-month low. Inflation pressure kicks in?

DISH Stock Forecast: The stock is expected to trade between $19.4 $20.4. The overall recommendation is Sell.

DISH Stock Forecast: Latest Price

DISH Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month 6 Months 1 Year
DISH -7.9% -3.7% -38.1% -49.8%

DISH Stock Forecast: Latest Tweet

DISH Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Negative
Market Data
Market Cap Higher
Technical Strong Sell
Trading Volume Lower
Crowd’s Wisdom
Google Search Volume Lower
Social Media Sentiment Negative

Also Read: NEE Stock Forecast

DISH Stock Forecast: Why is DISH Stock going down?

The RSI (Relative Strength Index) of DISH fell to 29.9 – When this reading is below 30, a stock is considered to be oversold. Because the rest of the S&P500 is bullish with an RSI reading of 44.6, a process of heavy selling began and DISH Stocks changed hands many times at lower prices. Moreover, the customers are changing what they are watching and the source of it – nearly 2 million US consumers canceled their cable plans. This might be a result of a wave of new OTT platforms such as Disney+, Netflix, etc.

This is going to be reflected strongly in the revenue stream of operators like DISH. They lost 462,000 subscribers in this quarter – Because of this reason, DISH started plunging in May and that led to overselling. This streak has continued because of its inability to compete with other streaming platforms.

DISH Stock: Latest Video

DISH Stock Forecast: Price Target

The average price target is have a median target of $40.00, with a high estimate of $61.00 and a low estimate of $24.00. The median estimate represents a +115.63% increase from the last price of $18.55. The earnings per share estimate for 2022 is the range from $1.68 to $2.94 with a consensus estimate of $2.42. It is expected to show growth of (-5.14%) in 2022 in terms of sales. For earnings per share annual rate is expected to be -36.18% and quarterly -2.75%.

DISH Stock Forecast: Google Trends

DISH Stock Forecast: Technical Analysis

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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