Sirius XM Holdings Inc (NASDAQ:SIRI) does about 14.25M shares in volume on a normal day but saw 24476554 shares change hands in Monday trading. The company now has a market cap of 12.99B USD. Its current market price is $3.38, marking a decrease of -3.15% compared to the previous close of $3.49. The 52 week high reached by this stock is $7.95 whilst the lowest price level in 52 weeks is $3.32.
Sirius XM Holdings Inc (SIRI) has a 20-day trading average at $3.86 and the current price is -57.48% off the 52-week high compared with 1.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.40 and its 200-day simple moving average is $4.68. If we look at the stock’s price movements over the week, volatility stands at 3.83%, which decreases to 2.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 10.56 to suggest the stock is oversold.
The consensus objective for the share price is $4.65, suggesting that the stock has a potential upside of 27.31% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 14, 2024 when Guggenheim initiated the stock to “Neutral” and issued a price target of $4. Wells Fargo downgraded the stock to “Underweight” from Equal Weight on January 23, 2024 at a price target of $5-$4.50. Pivotal Research Group upgraded its price target at $4.50-$5.
Sirius XM Holdings Inc (SIRI) stock is down -11.75% over the week and -19.14% over the past month. Its price is -38.21% year-to-date and -14.65% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.09 above consensus estimates by $0.01. SIRI’s earnings per share are forecast to shrink by -6.30% this year and 10.00% over next year. Expected sales for next quarter are $2.2 billion, which analysts say will come at $8.79 billion for the current fiscal year and next year at $9.22 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.13 billion.
To reach the target analysts have set, the stock logically needs to grow 27.31 percent from here.
Outstanding shares total 3.84B with insiders holding 84.89% of the shares and institutional holders owning 12.05% of the company’s common stock. The company has a return on investment of 19.60%. The price to earnings ratio (P/E ratio) amounts to 10.41 while the forward price to earnings ratio is 10.50. The beta has a value of 1.05. Price to sales ratio is 1.45.
