Sirius XM Holdings Inc (NASDAQ: SIRI) has a price-to-earnings ratio of 9.53x that is above its average ratio. Additionally, the 36-month beta value for SIRI is 1.10. 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 625.37M and currently, short sellers hold a 20.34% ratio of that float. The average trading volume of SIRI on May 07, 2024 was 17.12M shares.
SIRI) stock’s latest price update
Sirius XM Holdings Inc (NASDAQ: SIRI)’s stock price has increased by 1.92 compared to its previous closing price of 3.12. However, the company has seen a 0.32% increase in its stock price over the last five trading sessions. PRNewsWire reported 2024-05-03 that NEW YORK, May 3, 2024 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) is pleased to announce that Jennifer Witz, Chief Executive Officer, will represent the company at the 52nd Annual JP Morgan Global Technology, Media and Communications Conference. The event is scheduled for Tuesday, May 21 at 10:50 am ET and will be held at The Westin Boston Seaport District Hotel, Boston, MA.
SIRI’s Market Performance
SIRI’s stock has risen by 0.32% in the past week, with a monthly drop of -8.88% and a quarterly drop of -38.13%. The volatility ratio for the week is 4.22% while the volatility levels for the last 30 days are 3.79% for Sirius XM Holdings Inc The simple moving average for the last 20 days is 0.76% for SIRI stock, with a simple moving average of -30.05% for the last 200 days.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with Goldman repeating the rating for SIRI by listing it as a “Neutral.” The predicted price for SIRI in the upcoming period, according to Goldman is $3.25 based on the research report published on May 01, 2024 of the current year 2024.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $4.30. The rating they have provided for SIRI stocks is “Buy” according to the report published on April 29th, 2024.
Pivotal Research Group gave a rating of “Buy” to SIRI, setting the target price at $4.90 in the report published on April 24th of the current year.
SIRI Trading at -14.12% 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 -60.00% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares sank -5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.19% lower at present.
During the last 5 trading sessions, SIRI rose by +0.32%, which changed the moving average for the period of 200-days by -59.28% in comparison to the 20-day moving average, which settled at $3.15. In addition, Sirius XM Holdings Inc saw -41.86% 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 0.24.
Based on Sirius XM Holdings Inc (SIRI), the company’s capital structure generated 1.33 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 -4.04. The interest coverage ratio of the stock is 4.68.
Currently, EBITDA for the company is 2.62 billion with net debt to EBITDA at 3.58. 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 14.61for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.35.
Conclusion
In conclusion, Sirius XM Holdings Inc (SIRI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
