Sirius XM Holdings Inc (NASDAQ:SIRI) saw a downside of -0.50% to close Monday at $4.01 after subtracting -$0.02 on the day. The 5-day average trading volume is 9,965,760 shares of the company’s common stock. It has gained $4.25 in the past week and touched a new high 2 times within the past 5 days. An average of 15,764,149 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 21,735,068.
SIRI’s 1-month performance is 0.00% or -$0.03 on its low of $3.93 reached on 09/15/23. 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 -31.34% or -$1.83 and has reached a new high 7 times. However, the current price is down -49.56% from the 52-week high price.
Insider Transactions
SIRI stock investors last saw insider trading activity on Aug 28.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 1.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.72 while the price to cash flow ratio at 11.13.
Sirius XM Holdings Inc’s quick ratio for the period ended June 29 was 0.32, with the current ratio over the same period at 0.32. In terms of profitability, the gross margin trailing 12 months is 43.34%. The trailing 12-month EBITDA margin is 29.82% while for the period ending June 29, Sirius XM Holdings Inc’s operating margin was 22.71%. 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 25 September was 38.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.78%.
The stock’s 5-day moving average is $4.09, reflecting a -2.20% or -$0.09 change from its current price. SIRI is currently trading -0.74% above its 20-day SMA, +8.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.58% and SMA200 by-34.80%.
Stochastic %K and %D was 21.39% and 25.64% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 40.65%, while the 14-day stochastic is at 18.60% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.12 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 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 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 $5.00. Looking at these predictions, the average price target given by analysts is for Sirius XM Holdings Inc (SIRI) stock is $5.02.
