Bullish case
$115 to $135 for ECHO
More likely if AT&T and SpaceX transactions close with limited value leakage, debt reduction becomes clear, escrow claims remain contained, and the operating businesses stabilize.
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 July 11, 2026 cutoff, the current trading reference is ECHO, which closed at $96.28 on July 8. The company reported $3.667 billion of Q1 2026 revenue and is an event-driven spectrum monetization story with material debt, operating, and execution risk. This page is informational research, not investment advice.
Current price
SATS renamed; ECHO closed at $96.28 on July 8
Market cap
About $27.90 billion using ECHO as the successor symbol
AI score
49 / 100
Rating
Legacy ticker research with event-driven spectrum and balance-sheet risk
Trend status
SATS no longer trades. ECHO price action remained below the $100 area after the ticker change.
Data cutoff (updated weekly)
July 11, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | EchoStar operates DISH, Sling, Boost Mobile, Hughes, satellite assets, and spectrum rights, but the operating base faces Pay-TV subscriber losses, wireless investment needs, and high financing costs. | Medium |
| Moat | Licensed spectrum, satellite capacity, FCC authorizations, and Hughes infrastructure are the strongest assets. Consumer Pay-TV and prepaid wireless face stronger substitutes and pricing pressure. | Medium |
| Management | Charles Ergen remains central to voting control and capital allocation. Spectrum monetization can simplify the balance sheet, but minority holders remain exposed to concentrated control and execution choices. | Medium-high |
| Financial trend | FY 2025 revenue was $15.005 billion, down from $15.826 billion in 2024. Q1 2026 revenue was $3.667 billion, while net loss attributable to EchoStar was $146.9 million. | High |
| Valuation | Traditional P/E is not useful because 2025 EPS and free cash flow were negative. The successor ECHO price reflects expected spectrum proceeds, debt reduction, and residual operating value. | Medium |
| Technical trend | SATS has no current chart because it was renamed. The ECHO successor reference closed at $96.28 on July 8, below the $100 area that had acted as near resistance. | Medium |
| Risk level | High. Debt, regulatory and closing conditions, escrow or claim exposure, subscriber erosion, concentrated voting power, and symbol-transition confusion can change the equity case. | High |
| AI confidence | Reported figures and the symbol transition are source-backed. The model has limited confidence in price targets because legal, regulatory, and financing events 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. | 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. Negative earnings make P/E scenario outputs economically unusable, so the ranges focus on spectrum transactions, debt reduction, claims, and residual operating value.
$115 to $135 for ECHO
More likely if AT&T and SpaceX transactions close with limited value leakage, debt reduction becomes clear, escrow claims remain contained, and the operating businesses stabilize.
$85 to $110 for ECHO
More likely if transactions proceed but investors continue to discount debt payoff, taxes, claims, falling Pay-TV revenue, and weak near-term price action.
$45 to $70 for ECHO
More likely if closing timing slips, regulatory or escrow costs rise, operating losses widen, liquidity weakens, or the active ECHO price breaks below the mid-$90s area.
SATS AI technical analysis
SATS AI technical analysis must use ECHO after the June 24, 2026 symbol change. StockAnalysis showed ECHO at $96.28 at the July 8 close, with a $95.39 to $100.51 day range. Historical SATS chart levels should be treated as continuous-company context only and refreshed under ECHO before trading.
| Level | Value | Why it matters |
|---|---|---|
| Active price reference | $96.28 for ECHO | StockAnalysis regular-session close on July 8, 2026. SATS is not the active Nasdaq symbol after June 24. |
| Near support | $95 to $96 | The July 8 day low was $95.39. This is a short-term reference rather than a confirmed support level. |
| Secondary support | $94 to $95 | The ECHO ticker-change period had an intraday low near $94.62. A renewed break would warrant a fresh event and liquidity review. |
| Near resistance | $100 to $101 | The July 8 day high was $100.51, and the prior technical snapshot placed the 50-day average near this zone. |
| Moving averages | Refresh under ECHO | SATS no longer has a current moving-average series. Use the ECHO chart and current provider timestamp before applying 50-day or 200-day levels. |
| Momentum | Mixed to weak | A prior ECHO snapshot had RSI near 41 and negative MACD. These readings are dated and are not a live signal. |
| Volume | 4.04 million ECHO shares on July 8 | StockAnalysis reported volume for the active symbol. Volume can rise sharply around transaction, debt, or regulatory news. |
| Volatility | $26.04 to $147.25 52-week range | The published ECHO range shows that event risk can dominate ordinary technical levels. |
| Invalidation | ECHO close below $94 or adverse transaction news | Either condition weakens a base-case recovery framework and calls for a reassessment of debt, claims, and transaction 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.
Use ECHO, not SATS, and wait for a sustained move above the $100 to $101 area with adequate volume and improving evidence on transaction closing, debt payoff, and claims.
A failed breakout back below $96 or an adverse regulatory update weakens the setup. Define position size and an exit condition before entry.
If ECHO tests $94 to $96 without a new liquidity, creditor, or regulatory setback, compare the move with debt-market reaction, transaction documents, and subscriber trends before calling it value.
Do not treat a lower price as automatically safer. Stop the framework if cash burn, claims, or timing risk worsens.
Track AT&T and SpaceX closing updates, escrow funding, debt maturities, cash definitions, Pay-TV subscribers, Boost Mobile performance, Hughes revenue, interest expense, and quarterly operating cash flow.
Treat the position as event-risk exposure rather than a normal telecom allocation. Reassess after each material filing or transaction update.
Investment research summary
Customers pay EchoStar for video distribution, streaming, prepaid wireless access, satellite broadband, and communications infrastructure. Current equity value is more dependent on spectrum monetization than on steady customer growth.
Licensed spectrum, satellite capacity, FCC authorizations, and Hughes technology provide durable assets. The company has less protection in Pay-TV and prepaid wireless, where larger competitors and cord-cutting pressure margins.
The thesis fails if gross spectrum value is consumed by debt, escrow claims, taxes, delays, litigation, or operating losses before common shareholders benefit.
Concentrated voting control can speed capital-allocation decisions, but holders must accept that strategic timing and financing choices are heavily influenced by Charles Ergen.
Connectivity, mobile data, satellite direct-to-device service, and spectrum scarcity are long-term tailwinds. Legacy satellite-TV subscriber economics remain under pressure.
Negative earnings mean SATS or ECHO is not valued on a normal P/E basis. Margin of safety depends on verified net proceeds, debt reduction, and the value of the remaining Boost, Hughes, Sling, DISH, and satellite 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 | July 11, 2026 |
| Active price and market capitalization reference | ECHO closed at $96.28 on July 8, 2026; $27.90B market cap and 289.81M shares | StockAnalysis ECHO overview and statistics | July 11, 2026 |
| Share count cross-check | 158,465,020 Class A plus 131,348,468 Class B shares at April 30, 2026 | EchoStar Q1 2026 Form 10-Q | July 11, 2026 |
| Q1 2026 revenue and net loss | $3.667B revenue and $146.885M net loss attributable to EchoStar | EchoStar Q1 2026 results | July 11, 2026 |
| FY 2025 revenue and net loss | $15.005B revenue and $14.497B net loss, including large non-cash impairments | EchoStar FY 2025 results | July 11, 2026 |
| Cash and short-term investments | $1.516B from StockAnalysis versus $1.658B including company-reported restricted cash and investment items | StockAnalysis balance sheet and EchoStar Q1 2026 results | July 11, 2026 |
| AT&T spectrum transaction | Approximately $23B for 50 MHz of nationwide spectrum | EchoStar AT&T transaction announcement | July 11, 2026 |
| SpaceX spectrum transaction | Approximately $17B for AWS-4 and H-block spectrum licenses | EchoStar SpaceX transaction announcement | July 11, 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 and may be wrong if transaction terms, regulatory conditions, debt costs, operating trends, or market prices change.
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