As of Thursday close, Sirius XM Holdings Inc.’s (NASDAQ:SIRI) stock was down -$0.18, moving down -3.93 percent to $4.40. The average number of shares traded per day over the past five days has been 12,218,080 shares. 5 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 12,526,560, while in the previous 50 days, it was 21,870,754.
Since last month, SIRI stock retreated -11.29%. Shares of the company fell to $3.99 on 08/24/23, the lowest level in the past month. A 52-week high of $7.95 was reached on 07/20/23 after having rallying from a 52-week low of $3.32. Since the beginning of this year, SIRI’s stock price has dropped by -24.66% or -$1.44, and marked a new high 7 times. However, the stock has declined by -44.65% since its 52-week high.
SIRI stock investors should be aware that Sirius XM Holdings Inc. (SIRI) stock had its last reported insider trading activity 4 days ago on Aug 28. Witz Jennifer C, the CEO of the company, purchased of 250,000 shares for $4.11 on Aug 28. It resulted in a $1,026,900 investment by the insider. Hickenlooper Robin S sold 11,000 shares at an average price of $3.81 on Jun 09. The insider now owns 94,765 shares following the transaction. On Jun 07, Director Salen Kristina sold 14,207 shares at $3.74 apiece. The transaction was valued at $53,134.
Valuation Metrics
Right now, Sirius XM Holdings Inc. (SIRI) has a P/E ratio of about 14.97. The stock’s beta is 1.04.
The latest dividend of $0.0242 per share was paid out, remained unchanged from last year’s $0.0242. On Wednesday January 25 2023, a $0.0002 dividend increase was announced.
Financial Health
On the profitability front, the trailing twelve-month gross margin is 53.30% percent. In the year ended June 29, EBITDA margin amounted to 29.82%, whereas operating margins totaled 21.40%. Based on annual data, SIRI earned $4.87 billion in gross profit and brought in $9.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.90%. Return on equity (ROE) for the past 12 months was -34.60%.
In Sirius XM Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $8.91 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SIRI’s revenue fell -0.13% to $2.14 billion during the quarter, while net income inched up to $2.25 billion. While analysts expected Sirius XM Holdings Inc. to report $0.07 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $629.0 million in EBITDA. The liabilities of Sirius XM Holdings Inc. were 13.19 billion at the end of its most recent quarter ended June 29, and its total debt was $9.78 billion. The value of shareholders’ equity is $3.84 billion.
Technical Picture
This quick technical analysis looks at Sirius XM Holdings Inc.’s (SIRI) price momentum. With a historical volatility rate of 56.86%, the RSI 9-day stood at 47.63% on 31 August.
With respect to its five-day moving average, the current Sirius XM Holdings Inc. price is up by +9.73% percent or $0.39. At present, SIRI shares trade -11.65% below its 20-day simple moving average and +7.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.22% above its SMA50 and -31.68% below its SMA200.
Stochastic coefficient K was 46.79% and Stochastic coefficient D was 30.90%, while ATR was 0.22. Given the Stochastic reading of 49.70% for the 14-day period, the RSI (14) reading has been calculated as 46.29%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.05.
Analyst Ratings
Pivotal Research Group upgraded its rating on Sirius XM Holdings Inc. (NASDAQ: SIRI) to a Hold in a note to investors on August 02, 2023. The analysts firm previously had a Sell rating on the stock.Sirius XM Holdings Inc. (SIRI) has been rated Hold by analysts. According to 5 brokerage firms, SIRI is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Sirius XM Holdings Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.50 – $7.00. Based on these forecasts, analysts predict Sirius XM Holdings Inc. (SIRI) will achieve an average price target of $4.94.
