In the past week, SIRI stock has gone up by 9.68%, with a monthly decline of -2.31% and a quarterly plunge of -35.91%. The volatility ratio for the week is 4.48%, and the volatility levels for the last 30 days are 4.75% for Sirius XM Holdings Inc. The simple moving average for the last 20 days is 4.51% for SIRI’s stock, with a simple moving average of -30.23% for the last 200 days.
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 7.43x compared to its average ratio. SIRI has 36-month beta value of 1.06. 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 335.39M, and currently, short sellers hold a 4.95% ratio of that float. The average trading volume of SIRI on October 14, 2024 was 4.28M shares.
SIRI) stock’s latest price update
Sirius XM Holdings Inc. (NASDAQ: SIRI)’s stock price has gone rise by 2.59 in comparison to its previous close of 24.30, however, the company has experienced a 9.68% increase in its stock price over the last five trading days. fool.com reported 2024-10-13 that This antiquated, off-the-radar company actually still has a great deal to offer certain sorts of investors.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with JP Morgan repeating the rating for SIRI by listing it as a “Underweight.” The predicted price for SIRI in the upcoming period, according to JP Morgan is $20 based on the research report published on October 09, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $23. The rating they have provided for SIRI stocks is “Underweight” according to the report published on September 24th, 2024.
Guggenheim gave a rating of “Buy” to SIRI, setting the target price at $30 in the report published on September 18th of the current year.
SIRI Trading at -9.76% 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 -56.87% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares surge +1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.82% lower at present.
During the last 5 trading sessions, SIRI rose by +9.68%, which changed the moving average for the period of 200-days by -54.67% in comparison to the 20-day moving average, which settled at $23.85. In addition, Sirius XM Holdings Inc. saw -54.42% 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 BERKSHIRE HATHAWAY INC, who purchase 1,435,000 shares at the price of $24.27 back on Oct 10 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 107,459,829 shares of Sirius XM Holdings Inc., valued at $34,829,915 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Sirius XM Holdings Inc., purchase 1,259,259 shares at $24.95 during a trade that took place back on Oct 11 ’24, which means that BERKSHIRE HATHAWAY INC is holding 108,719,088 shares at $31,415,238 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 put it simply, Sirius XM Holdings Inc. (SIRI) has had a bad 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.
