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Manson Dean, the Chief Legal Officer of EchoStar Corp (NASDAQ:SATS), recently sold 5,000 shares of the company’s Class A common stock. The transaction, conducted on March 6, 2025, was made under a Rule 10b5-1 trading plan, with shares sold at $30.05 each, amounting to $150,250. The sale comes amid a significant 19% decline in share price over the past week, though the stock maintains an impressive 83% gain over the last year. Following this sale, Dean holds 2,332 shares directly. Additionally, Dean has indirect ownership of 1,019 shares through a 401(k) plan. According to InvestingPro analysis, EchoStar currently trades at a low Price/Book multiple of 0.4x, though the company faces profitability challenges with negative earnings per share of -$0.44. InvestingPro subscribers have access to 10 additional key insights about SATS, including detailed financial health metrics and Fair Value estimates.
In other recent news, EchoStar Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.44, better than the forecasted -$0.50. The company also exceeded revenue expectations, posting $3.97 billion compared to the anticipated $3.93 billion. EchoStar’s strategic merger with DISH Network (NASDAQ:DISH) has been a significant development, enhancing its position in the satellite and telecommunications industry. Notably, the company has introduced new satellite technologies, such as the JUPITER three satellite, which have contributed to its improved financial standing. EchoStar’s cash position increased significantly, with total cash and marketable securities rising to $5.7 billion. The company also managed to reduce capital expenditures by over 50% to $1.5 billion, highlighting a commitment to financial stability. Analysts have noted the company’s focus on growth and innovation, with plans to participate in the upcoming AWS-3 spectrum auction. These developments have positioned EchoStar well for future growth, according to analyst insights.
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