EchoStar Corporation, formerly Nasdaq: SATS research snapshot
SATS AI stock analysis refers to EchoStar Corporation under its former Nasdaq symbol. EchoStar changed SATS to ECHO effective June 24, 2026, with no change to the legal entity, capital structure, or securityholder rights. As of the August 2, 2026 cutoff, the active reference is ECHO, which closed at $84.09 on July 31, 2026. The company closed its approximately $23 billion AT&T spectrum sale on July 28, 2026, while DISH DBS is in a prepackaged Chapter 11 case and Hughes Network is preparing its own restructuring. This is an event-driven equity story with material debt, bankruptcy, operating, and execution risk. This page is informational research, not investment advice.
Current price
ECHO (successor to SATS) closed at $84.09 on July 31, 2026
Market cap
About $24.37 billion using ECHO as the successor symbol
AI score
52 / 100
Rating
Neutral to positive. Event-driven equity with spectrum cash, a SpaceX stake, and restructuring upside offset by subsidiary bankruptcies and high leverage.
Trend status
ECHO fell from the high $90s in early July to $84.09 by July 31, now trading below its 50-day and 200-day averages.
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | EchoStar operates DISH and Sling pay-TV, Boost Mobile prepaid wireless, Hughes satellite broadband, spectrum assets, and a stake in newly public SpaceX, but Pay-TV subscriber losses, wireless competition, and multiple subsidiary restructurings weigh on the operating base. | Medium |
| Moat | Licensed spectrum and FCC authorizations are the most valuable assets, and the AT&T and SpaceX transactions monetize them. Consumer Pay-TV, GEO broadband, and prepaid wireless face stronger substitutes and pricing pressure. | Medium |
| Management | Charlie Ergen, co-founder and chairman, took direct leadership of the Hughes business after CEO Hamid Akhavan resigned on July 6, 2026. Concentrated control can move fast, but it concentrates restructuring and capital-allocation risk in one person. | Medium |
| Financial trend | FY 2025 revenue was $15.005 billion, down from $15.826 billion in 2024, and trailing-twelve-month revenue is about $14.80 billion. TTM results include large non-cash impairments, negative operating cash flow, and negative free cash flow. | High |
| Valuation | Traditional P/E is not meaningful because GAAP EPS is deeply negative. ECHO trades at 41.39 times forward earnings and 1.65 times sales, with value driven by spectrum proceeds, debt reduction, the SpaceX stake, and residual operations. | Medium |
| Technical trend | SATS has no current chart because it was renamed. ECHO closed at $84.09 on July 31, 2026, below its 50-day average of $106.21 and its 200-day average of $105.71, with RSI near 32. | Medium |
| Risk level | Very high. DISH DBS is in prepackaged Chapter 11, Hughes Network is preparing its own filing, total debt is roughly $28 billion to $29 billion, and restructuring, claims, and transaction timing can change the equity case quickly. | High |
| AI confidence | Reported figures, the symbol transition, and the AT&T closing are source-backed. The model has limited confidence in price targets because bankruptcy outcomes, claims, and restructuring terms can alter outcomes quickly. | High data confidence |
| Investment certainty | Low to medium. A historical SATS search should be evaluated through the active ECHO security, not as a separately trading instrument, and the outcome now depends on restructurings and the SpaceX stake. | Low-medium |
SATS AI stock forecast
The SATS AI stock forecast is a scenario framework for ECHO, the active successor symbol, not a price prediction for a delisted or separate SATS security. The AT&T deal closed on July 28, 2026, delivering about $23 billion, but DISH DBS is in prepackaged Chapter 11 and Hughes Network is preparing its own restructuring. Negative GAAP earnings make P/E scenario outputs unusable, so the ranges focus on deployment of the AT&T cash, debt reduction, subsidiary bankruptcy outcomes, the SpaceX stake, and residual operating value.
$115 to $135 for ECHO
More likely if EchoStar uses the AT&T proceeds to cut net debt and confirm the DISH DBS plan, the Hughes restructuring is contained, the SpaceX stake is recognized at a higher value, and subscriber declines stabilize.
$85 to $110 for ECHO
More likely if transactions and restructurings proceed but investors continue to discount claims, bankruptcy costs, falling Pay-TV revenue, and the slow path to lower leverage.
$50 to $80 for ECHO
More likely if the Hughes case becomes contested or expands, claims and escrow costs rise, additional maturities strain liquidity, the SpaceX stake value falls, or ECHO breaks below the low $80s area.
SATS AI technical analysis
SATS AI technical analysis must use ECHO after the June 24, 2026 symbol change. StockAnalysis showed ECHO at $84.09 at the July 31 close, below both the 50-day average of $106.21 and the 200-day average of $105.71, with RSI near 32. Historical SATS chart levels are continuous-company context only and should be refreshed on a live ECHO chart before trading.
| Level | Value | Why it matters |
|---|---|---|
| Active price reference | $84.09 for ECHO | StockAnalysis regular-session close on July 31, 2026, with after-hours at $84.00. SATS is not the active Nasdaq symbol after June 24. |
| Near support | $83.75 to $84 | The July 31 day low was $83.75. This is a short-term reference rather than a confirmed support level. |
| Secondary support | $80 area | The round $80 zone is the next reference if the late-July low fails. Watch for news-driven gaps around bankruptcy and restructuring updates. |
| Near resistance | $95 to $96 | The early-July consolidation near $95 to $96 now acts as overhead resistance after the decline from the high $90s. |
| Moving averages | 50-day $106.21, 200-day $105.71 | Both averages sit above the price as of July 31, a bearish structure. A sustained reclaim of either would be a notable shift. |
| Momentum | Weak | RSI near 32 on the July 31 close, below the neutral 50 level and approaching oversold territory. |
| Volume | 4.13 million ECHO shares on July 31 | StockAnalysis reported volume for the active symbol against a 20-day average of 5.21 million. Volume can spike around court filings and transaction news. |
| Volatility | $26.04 to $147.25 52-week range | The published ECHO range shows that event risk, including spectrum and satellite themes, can dominate ordinary technical levels. |
| Short interest | 31.08 million shares, 10.73% of shares out | High short interest leaves room for short-covering rallies but also signals bearish conviction about restructuring and leverage. |
| Invalidation | ECHO close below $83.75 or adverse restructuring news | Either condition weakens a base-case recovery framework and calls for a reassessment of debt, claims, and restructuring timing. |
SATS AI trading strategy
The SATS AI trading strategy is a non-personal framework for the active ECHO security. Confirm the broker symbol, quote, liquidity, and corporate-action treatment before acting because SATS is a historical identifier, and be ready for news-driven gaps tied to the Hughes and DISH DBS restructurings.
Use ECHO, not SATS, and wait for a sustained move above the $95 to $96 area with adequate volume and clearer evidence that the Hughes restructuring is contained and debt reduction is progressing.
A failed move back below $84 or adverse bankruptcy news weakens the setup. Define position size and an exit condition before entry.
If ECHO holds near $83.75 to $85 without a new liquidity, creditor, or restructuring setback, compare the move with debt-market reaction, restructuring documents, and the SpaceX stake before calling it value.
Do not treat a lower price as automatically safer. Stop the framework if cash burn, claims, or restructuring timing risk worsens.
Track Hughes and DISH DBS court filings and plan confirmation, the use of the AT&T proceeds, remaining SpaceX spectrum milestones, debt maturities, Pay-TV subscribers, Boost Mobile performance, Hughes revenue, interest expense, and quarterly operating cash flow.
Treat the position as restructuring exposure rather than a normal telecom allocation. Reassess after each material filing or court order.
Investment research summary
Customers pay EchoStar for video distribution, streaming, prepaid wireless access, satellite broadband, and communications infrastructure. Near-term equity value depends more on the AT&T cash, the pending SpaceX stake, and restructuring outcomes than on steady customer growth.
Licensed spectrum and FCC authorizations are the strongest assets and are being sold or exchanged, with the AT&T deal closed in July 2026. Satellite, fiber, and subscriber businesses still face competition from larger wireless carriers and LEO providers.
The thesis fails if the AT&T cash, SpaceX consideration, and operating assets are consumed by subsidiary debt, claims, taxes, delays, or losses before common shareholders benefit.
Charlie Ergen remains the central decision maker and took direct leadership of Hughes after the CEO resigned on July 6, 2026. That speeds decisions but concentrates restructuring and capital-allocation risk in one person.
Mobile data, satellite direct-to-device service, and spectrum scarcity are long-term tailwinds, and the SpaceX stake adds optionality. Legacy satellite-TV and GEO broadband subscriber economics remain under pressure from LEO competition.
GAAP earnings are deeply negative, so SATS or ECHO is not valued on a normal P/E basis. Margin of safety depends on verified net proceeds, confirmed restructuring terms, the value of the SpaceX stake, and the residual operations.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Ticker transition | SATS changed to ECHO effective June 24, 2026; no action required from holders | EchoStar ticker-change announcement | August 2, 2026 |
| Active price and market capitalization reference | ECHO closed at $84.09 on July 31, 2026; $24.37B market cap and 289.81M shares | StockAnalysis ECHO overview and statistics | August 2, 2026 |
| AT&T spectrum transaction closed | About $23B; 30 MHz of nationwide 3.45 GHz and 20 MHz of nationwide 600 MHz | AT&T press release and Reuters | August 2, 2026 |
| DISH DBS prepackaged Chapter 11 | DISH DBS and DISH Wireless filed June 30, 2026 to repay DISH DBS debt and transition the wireless business | EchoStar DISH DBS restructuring announcement and Reuters | August 2, 2026 |
| Hughes Network restructuring | Preparing a Chapter 11 filing to address a $1.5B maturity due August 1, 2026; about $102M cash at March 31, 2026 | Wall Street Journal report via industry press | August 2, 2026 |
| Q1 2026 revenue and net loss | $3.667B revenue and $146.9M net loss attributable to EchoStar | EchoStar Q1 2026 results | August 2, 2026 |
| FY 2025 revenue and net loss | $15.005B revenue and $14.497B net loss, including large non-cash impairments | StockAnalysis and EchoStar FY 2025 results | August 2, 2026 |
| Cash, debt, and free cash flow | $1.52B cash and investments, about $28B to $29B total debt, and TTM free cash flow of about -$0.9B | StockAnalysis ECHO balance sheet and cash flow | August 2, 2026 |
| SpaceX spectrum transaction | Approximately $17B for AWS-4 and H-block spectrum licenses; EchoStar holds a stake in newly public SpaceX | EchoStar SpaceX transaction announcement | August 2, 2026 |
| Management change | CEO Hamid Akhavan resigned July 6, 2026; chairman Charlie Ergen took direct leadership of the Hughes business | EchoStar SEC filing and SatNews | August 2, 2026 |
This SATS AI stock analysis is an informational research tool only. It is not investment, legal, tax, or trading advice. SATS is a former EchoStar symbol, and forecast ranges refer to ECHO, the active successor symbol. Scenarios use available public data as of August 2, 2026 and may be wrong if restructuring terms, bankruptcy outcomes, transaction proceeds, debt costs, operating trends, or market prices change.
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