The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) decreased by -$0.05 on Monday to finish at $4.70, down -1.05 percent. The last five days have seen an average of 12,143,300 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.14. The average number of shares traded over the last 20 days was 32,459,994, while the average volume over the last 50 days totaled 23,681,727.
SIRI stock dropped -1.05% since last month. On 08/08/23, the company’s shares reached a one-month low of $4.61. The stock touched a high of $7.95 on 07/20/23, after rallying from a low of $3.32 in 52 weeks. The price of SIRI stock has declined by -19.52% or -$1.14 this year, reaching a new high 7 times. Still, the stock price is down -40.88% from the 52-week high.
Insider Transactions
SIRI stock investors should be aware that Sirius XM Holdings Inc. (SIRI) stock had its last reported insider trading activity 67 days ago on Jun 09. On Jun 09, Director Hickenlooper Robin S sold 11,000 shares at $3.81 each. This transaction resulted in the insider making $41,910. On Jun 07, Salen Kristina sold 14,207 shares at a price of US$3.74. After the transaction, the insider now owns 129,053 shares. Director Salen Kristina had earlier sold 44,670 shares on Nov 23 for $6.46 a share. The transaction was completed for $288,568.
Valuation Metrics
Sirius XM Holdings Inc. (SIRI) has a trailing price-to-earnings (P/E) ratio of 15.99. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.05, and the price-to-cash flow ratio of 13.88.
Company paid $0.0242 per share in dividends, remained unchanged from $0.0242 last year. A $0.0002 dividend increase was reported on Wednesday January 25 2023.
Financial Health
For the three months ended June 29, Sirius XM Holdings Inc.’s current ratio was 0.30. As far as profitability goes, gross margin for the trailing twelve months is 53.30% percent. Sirius XM Holdings Inc.’s EBITDA margin for the year ended June 29 was 29.82%, whereas its operating margin stood at 21.40% for the same period. Based on annual data, it had gross profit of $4.87 billion and revenue of $9.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SIRI’s return on assets (ROA) during the last 12 months has been 11.50%. There was a 26.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -34.60%.
Earnings Surprise
According to Sirius XM Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.25 billion, while revenues fell by -0.13% to $2.14 billion. It was predicted that Sirius XM Holdings Inc.’s quarterly earnings would be $0.08, but it ended up being $0.07, beating the consensus by 14.30%. EBITDA was $629.0 million for the quarter. At the end of Sirius XM Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 13.19 billion, while its total debt was $9.78 billion. Equity owned by shareholders amounts to $3.84 billion.
Technical Picture
Here’s a quick look at Sirius XM Holdings Inc.’s (SIRI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 40.57%, suggesting the stock is Neutral, with a 18.36% historical volatility rate.
The stochastic %K and %D were 9.58% and 9.38% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 8.65%, the RSI (14) reading is 45.94%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.13.
Analyst Ratings
In its most recent analyst report, Pivotal Research Group raised its rating on Sirius XM Holdings Inc. (NASDAQ: SIRI) to a Hold. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Sirius XM Holdings Inc. (SIRI) an Hold rating. SIRI is a stock that is recommended for selling by 5 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SIRI’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $7.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Sirius XM Holdings Inc. (SIRI) is $4.88.
