Sirius XM Holdings Inc. (NASDAQ:SIRI) saw an upside of 0.21% to close Tuesday at $4.82 after adding $0.01 on the day. The 5-day average trading volume is 14,894,420 shares of the company’s common stock. It has gained $5.13 in the past week and touched a new high 1 time within the past 5 days. An average of 32,787,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 24,222,676.
SIRI’s 1-month performance is 4.56% or $0.37 on its low of $4.45 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.32 and high of $7.95, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, SIRI has lost -17.47% or -$1.02 and has reached a new high 7 times. However, the current price is down -39.37% from the 52-week high price.
Insider Transactions
SIRI stock investors last saw insider trading activity on Jun 09.Hickenlooper Robin S (Director) most recently sold 11,000 shares at $3.81 per share on Jun 09. This transaction cost the insider $41,910. Director, Salen Kristina, sold 14,207 shares at a price of $3.74 on Jun 07. Then, on Nov 23, Director Salen Kristina sold 44,670 shares at a price of $6.46 per share. This transaction amounted to $288,568.
Valuation Metrics
SIRI stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.15 while the price to cash flow ratio at 20.07.
. In terms of profitability, the gross margin trailing 12 months is 53.30%. The trailing 12-month EBITDA margin is 29.82% while for the period ending June 29, Sirius XM Holdings Inc.’s operating margin was 21.40%. The firm’s gross profit as reported stood at $4.87 billion against revenue of $9.0 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 5.81% to $310.0 million, while revenue of $233.0 million was 24.84% off the previous quarter. Analysts expected SIRI to announce $0.07 per share in earnings in its latest quarter, but it posted $0.08, representing a 14.30% surprise. EBITDA for the quarter stood at more than $629.0 million. SIRI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.19 billion, with total debt at $9.78 billion. Shareholders hold equity totaling $3.84 billion.
Let’s look briefly at Sirius XM Holdings Inc. (SIRI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 43.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.11%.
The stock’s 5-day moving average is $4.88, reflecting a -3.21% or -$0.16 change from its current price. SIRI is currently trading +0.84% above its 20-day SMA, +32.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.11% and SMA200 by-21.50%.
Stochastic %K and %D was 4.75% and 6.21% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 48.01%, while the 14-day stochastic is at 6.29% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.56 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sirius XM Holdings Inc. (NASDAQ: SIRI), Pivotal Research Group upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for SIRI stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate SIRI as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is SIRI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $7.00, with their median price target at $4.75. Looking at these predictions, the average price target given by analysts is for Sirius XM Holdings Inc. (SIRI) stock is $4.81.
