The stock of Sirius XM Holdings Inc. (SIRI) has gone up by 1.80% for the week, with a -23.70% drop in the past month and a -14.85% drop in the past quarter. The volatility ratio for the week is 5.98%, and the volatility levels for the past 30 days are 6.43% for SIRI. The simple moving average for the past 20 days is -12.07% for SIRI’s stock, with a -34.21% simple moving average for the past 200 days.
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 7.43x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, 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 335.84M, and at present, short sellers hold a 4.02% of that float. On September 23, 2024, the average trading volume of SIRI was 4.62M shares.
SIRI) stock’s latest price update
The stock price of Sirius XM Holdings Inc. (NASDAQ: SIRI) has surged by 3.87 when compared to previous closing price of 24.02, but the company has seen a 1.80% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-22 that Buffett understands Sirius XM’s business. He no doubt views the company’s management favorably.
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 “Buy.” The predicted price for SIRI in the upcoming period, according to Guggenheim is $30 based on the research report published on September 18, 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 $2.80. The rating they have provided for SIRI stocks is “Sell” according to the report published on July 25th, 2024.
Evercore ISI gave a rating of “In-line” to SIRI, setting the target price at $3.25 in the report published on June 24th of the current year.
SIRI Trading at -21.16% 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 -56.83% of loss for the given period.
Volatility was left at 6.43%, however, over the last 30 days, the volatility rate increased by 5.98%, as shares sank -20.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.89% lower at present.
During the last 5 trading sessions, SIRI rose by +1.80%, which changed the moving average for the period of 200-days by -45.29% in comparison to the 20-day moving average, which settled at $28.05. In addition, Sirius XM Holdings Inc. saw -54.39% 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 4.84.
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 1.99. 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 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.
