Sirius XM Holdings Inc (NASDAQ: SIRI)’s stock price has soared by 3.71 in relation to previous closing price of 26.66. Nevertheless, the company has seen a gain of 4.73% in its stock price over the last five trading days. 247wallst.com reported 2024-11-03 that 24/7 Wall St. Insights Warren Buffett again boosted his stake in the newly independent Sirius XM Holdings Inc.
Is It Worth Investing in Sirius XM Holdings Inc (NASDAQ: SIRI) Right Now?
The price-to-earnings ratio for Sirius XM Holdings Inc (NASDAQ: SIRI) is 8.24x, which is above its average ratio. Moreover, the 36-month beta value for SIRI is 1.04. Analysts have varying opinions 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 335.46M and currently, short sellers hold a 4.86% of that float. On November 04, 2024, SIRI’s average trading volume was 5.16M shares.
SIRI’s Market Performance
The stock of Sirius XM Holdings Inc (SIRI) has seen a 4.73% increase in the past week, with a 19.28% rise in the past month, and a -8.14% fall in the past quarter. The volatility ratio for the week is 3.79%, and the volatility levels for the past 30 days are at 3.85% for SIRI. The simple moving average for the last 20 days is 5.18% for SIRI’s stock, with a simple moving average of -18.01% for the last 200 days.
Analysts’ Opinion of SIRI
Many brokerage firms have already submitted their reports for SIRI stocks, with BofA Securities repeating the rating for SIRI by listing it as a “Underperform.” The predicted price for SIRI in the upcoming period, according to BofA Securities is $23 based on the research report published on October 24, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see SIRI reach a price target of $20. The rating they have provided for SIRI stocks is “Underweight” according to the report published on October 09th, 2024.
Morgan Stanley gave a rating of “Underweight” to SIRI, setting the target price at $23 in the report published on September 24th of the current year.
SIRI Trading at 4.32% 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 -52.16% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares surge +21.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.94% lower at present.
During the last 5 trading sessions, SIRI rose by +4.73%, which changed the moving average for the period of 200-days by -48.41% in comparison to the 20-day moving average, which settled at $26.29. In addition, Sirius XM Holdings Inc saw -49.45% 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 925,205 shares at the price of $27.44 back on Oct 30 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 111,825,522 shares of Sirius XM Holdings Inc, valued at $25,391,326 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Sirius XM Holdings Inc, purchase 679,207 shares at $26.59 during a trade that took place back on Oct 31 ’24, which means that BERKSHIRE HATHAWAY INC is holding 112,504,729 shares at $18,060,997 based on the most recent closing price.
Stock Fundamentals for SIRI
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.48 for the gross margin
The net margin for Sirius XM Holdings Inc stands at -0.17. The total capital return value is set at -0.06.
Based on Sirius XM Holdings Inc (SIRI), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is -7.8.
Currently, EBITDA for the company is 2.62 billion with net debt to EBITDA at -24.76. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 13.17for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
To wrap up, the performance of Sirius XM Holdings Inc (SIRI) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
