In the past week, SIRI stock has gone up by 10.75%, with a monthly gain of 14.95% and a quarterly plunge of -20.89%. The volatility ratio for the week is 3.74%, and the volatility levels for the last 30 days are 4.30% for Sirius XM Holdings Inc.. The simple moving average for the past 20 days is 11.85% for SIRI’s stock, with a -21.20% 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 of 8.23x that is above its average ratio. Additionally, the 36-month beta value for SIRI is 1.06. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 21, 2024 was 4.73M shares.
SIRI) stock’s latest price update
Sirius XM Holdings Inc. (NASDAQ: SIRI) has experienced a rise in its stock price by 1.88 compared to its previous closing price of 27.10. However, the company has seen a gain of 10.75% in its stock price over the last five trading days. 247wallst.com reported 2024-10-20 that 24/7 Wall St. Insights Warren Buffett recently boosted his stake in the newly independent Sirius XM Holdings Inc.
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 1.34% 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 -52.23% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares surge +10.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.63% lower at present.
During the last 5 trading sessions, SIRI rose by +10.75%, which changed the moving average for the period of 200-days by -49.25% in comparison to the 20-day moving average, which settled at $24.68. In addition, Sirius XM Holdings Inc. saw -49.52% 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 1,040,000 shares at the price of $27.01 back on Oct 17 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 110,101,221 shares of Sirius XM Holdings Inc., valued at $28,094,248 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Sirius XM Holdings Inc., purchase 342,133 shares at $26.99 during a trade that took place back on Oct 16 ’24, which means that BERKSHIRE HATHAWAY INC is holding 109,061,221 shares at $9,233,143 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 2.1. 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
In conclusion, Sirius XM Holdings Inc. (SIRI) has seen mixed 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.
