Sirius XM Holdings Inc (NASDAQ: SIRI)’s stock price has decreased by 0.00 compared to its previous closing price of 3.02. However, the company has seen a -2.27% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-27 that Not all value stocks are equal. Investors looking at these value stocks at 52-week lows may think they’re among the worst picks in today’s market.
Is It Worth Investing in Sirius XM Holdings Inc (NASDAQ: SIRI) Right Now?
The price-to-earnings ratio for Sirius XM Holdings Inc (NASDAQ: SIRI) is above average at 9.30x. The 36-month beta value for SIRI is also noteworthy at 1.09. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for SIRI is 624.52M, and at present, short sellers hold a 20.36% of that float. The average trading volume of SIRI on April 29, 2024 was 15.98M shares.
SIRI’s Market Performance
SIRI’s stock has seen a -2.27% decrease for the week, with a -22.56% drop in the past month and a -43.45% fall in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 3.57% for Sirius XM Holdings Inc The simple moving average for the last 20 days is -9.55% for SIRI stock, with a simple moving average of -34.42% for the last 200 days.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with Pivotal Research Group repeating the rating for SIRI by listing it as a “Buy.” The predicted price for SIRI in the upcoming period, according to Pivotal Research Group is $4.90 based on the research report published on April 24, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $3.30, previously predicting the price at $4.10. The rating they have provided for SIRI stocks is “Neutral” according to the report published on April 24th, 2024.
Guggenheim gave a rating of “Neutral” to SIRI, setting the target price at $4 in the report published on March 14th of the current year.
SIRI Trading at -22.70% 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 -62.01% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares sank -22.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.21% lower at present.
During the last 5 trading sessions, SIRI fell by -2.27%, which changed the moving average for the period of 200-days by -37.21% in comparison to the 20-day moving average, which settled at $3.30. In addition, Sirius XM Holdings Inc saw -44.79% 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 2.34. 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
In summary, Sirius XM Holdings Inc (SIRI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
