Sirius XM Holdings Inc (NASDAQ: SIRI)’s stock price has plunge by 1.91relation to previous closing price of 3.14. Nevertheless, the company has seen a 6.84% surge in its stock price over the last five trading sessions. fool.com reported 2024-08-23 that Warren Buffett just made a big investment in the satellite radio leader.
Is It Worth Investing in Sirius XM Holdings Inc (NASDAQ: SIRI) Right Now?
Sirius XM Holdings Inc (NASDAQ: SIRI) has a higher price-to-earnings ratio of 9.54x compared to its average ratio. SIRI has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for SIRI is 630.15M, and currently, short sellers hold a 22.21% ratio of that float. The average trading volume of SIRI on August 26, 2024 was 40.50M shares.
SIRI’s Market Performance
The stock of Sirius XM Holdings Inc (SIRI) has seen a 6.84% increase in the past week, with a -18.37% drop in the past month, and a 17.22% gain in the past quarter. The volatility ratio for the week is 7.07%, and the volatility levels for the past 30 days are at 5.97% for SIRI. The simple moving average for the last 20 days is 0.54% for SIRI stock, with a simple moving average of -19.69% for the last 200 days.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with Citigroup repeating the rating for SIRI by listing it as a “Sell.” The predicted price for SIRI in the upcoming period, according to Citigroup is $2.80 based on the research report published on July 25, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $3.25, previously predicting the price at $4.25. The rating they have provided for SIRI stocks is “In-line” according to the report published on June 24th, 2024.
Goldman gave a rating of “Neutral” to SIRI, setting the target price at $3.25 in the report published on May 01st of the current year.
SIRI Trading at -0.41% 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 -44.64% of loss for the given period.
Volatility was left at 5.97%, however, over the last 30 days, the volatility rate increased by 7.07%, as shares sank -13.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.44% upper at present.
During the last 5 trading sessions, SIRI rose by +6.84%, which changed the moving average for the period of 200-days by -32.06% in comparison to the 20-day moving average, which settled at $3.16. In addition, Sirius XM Holdings Inc saw -41.50% 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 Greenstein Scott Andrew, who sale 1,447,238 shares at the price of $3.16 back on Aug 08 ’24. After this action, Greenstein Scott Andrew now owns 989,331 shares of Sirius XM Holdings Inc, valued at $4,578,482 using the latest closing price.
Salen Kristina, the Director of Sirius XM Holdings Inc, sale 12,518 shares at $2.60 during a trade that took place back on Jun 12 ’24, which means that Salen Kristina is holding 169,309 shares at $32,547 based on the most recent closing price.
Stock Fundamentals for SIRI
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.47 for the gross margin
The net margin for Sirius XM Holdings Inc stands at 0.15. The total capital return value is set at 0.23.
Based on Sirius XM Holdings Inc (SIRI), the company’s capital structure generated 1.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at -4.3. The interest coverage ratio of the stock is 9.5.
Currently, EBITDA for the company is 2.62 billion with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 13.82for 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 0.43.
Conclusion
To put it simply, Sirius XM Holdings Inc (SIRI) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
