Sirius XM Holdings Inc (NASDAQ: SIRI)’s stock price has plunge by -3.89relation to previous closing price of 3.34. Nevertheless, the company has seen a -8.02% plunge in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-14 that Yet again, the Oracle of Omaha has bolstered his stake in a media giant’s tracking stocks, even with shares in retreat.
Is It Worth Investing in Sirius XM Holdings Inc (NASDAQ: SIRI) Right Now?
Sirius XM Holdings Inc (NASDAQ: SIRI) has a price-to-earnings ratio that is above its average at 9.89x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for SIRI is 624.52M, and at present, short sellers hold a 22.21% of that float. On April 15, 2024, the average trading volume of SIRI was 15.03M shares.
SIRI’s Market Performance
SIRI stock saw a decrease of -8.02% in the past week, with a monthly decline of -22.46% and a quarterly a decrease of -38.74%. The volatility ratio for the week is 4.61%, and the volatility levels for the last 30 days are 3.18% for Sirius XM Holdings Inc (SIRI). The simple moving average for the last 20 days is -14.34% for SIRI stock, with a simple moving average of -31.30% for the last 200 days.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with Guggenheim repeating the rating for SIRI by listing it as a “Neutral.” The predicted price for SIRI in the upcoming period, according to Guggenheim is $4 based on the research report published on March 14, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $4.50, previously predicting the price at $5. The rating they have provided for SIRI stocks is “Underweight” according to the report published on January 23rd, 2024.
Pivotal Research Group gave a rating of “Hold” to SIRI, setting the target price at $5 in the report published on August 02nd of the previous year.
SIRI Trading at -25.21% from the 50-Day Moving Average
After a stumble in the market that brought SIRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.62% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 4.61%, as shares sank -21.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.94% lower at present.
During the last 5 trading sessions, SIRI fell by -8.02%, which changed the moving average for the period of 200-days by -21.52% in comparison to the 20-day moving average, which settled at $3.70. In addition, Sirius XM Holdings Inc saw -41.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SIRI starting from Inzerillo Joseph A, who sale 107,611 shares at the price of $4.90 back on Feb 13 ’24. After this action, Inzerillo Joseph A now owns 746,816 shares of Sirius XM Holdings Inc, valued at $527,294 using the latest closing price.
MEYER JAMES E, the Director of Sirius XM Holdings Inc, sale 800,000 shares at $4.92 during a trade that took place back on Feb 09 ’24, which means that MEYER JAMES E is holding 1,091,472 shares at $3,935,920 based on the most recent closing price.
Stock Fundamentals for SIRI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.49 for the gross margin
The net margin for Sirius XM Holdings Inc stands at 0.14. The total capital return value is set at 0.27.
Based on Sirius XM Holdings Inc (SIRI), the company’s capital structure generated 1.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at -3.72. The interest coverage ratio of the stock is 4.59.
Currently, EBITDA for the company is 2.62 billion with net debt to EBITDA at 3.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 12.63for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
To sum up, Sirius XM Holdings Inc (SIRI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
