As of Wednesday close, Sirius XM Holdings Inc.’s (NASDAQ:SIRI) stock was down -$0.06, moving down -1.44 percent to $4.12. The average number of shares traded per day over the past five days has been 27,988,498 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 16,201,189, while in the previous 50 days, it was 21,903,094.
Since last month, SIRI stock retreated -6.36%. Shares of the company fell to $3.93 on 09/15/23, 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 -29.45% or -$1.72, and marked a new high 7 times. However, the stock has declined by -48.18% 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 24 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 14.01. The stock’s beta is 1.05.
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 54.12%, the RSI 9-day stood at 43.37% on 20 September.
With respect to its five-day moving average, the current Sirius XM Holdings Inc. price is down by -0.72% percent or -$0.03. At present, SIRI shares trade -3.51% below its 20-day simple moving average and +11.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.81% below its SMA50 and -35.73% below its SMA200.
Stochastic coefficient K was 29.90% and Stochastic coefficient D was 27.31%, while ATR was 0.19. Given the Stochastic reading of 27.94% for the 14-day period, the RSI (14) reading has been calculated as 43.56%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.10.
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 6 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 $5.02.
