Sirius XM Holdings Inc (NASDAQ:SIRI) shares, rose in value, with the stock price down by -0.74% to the previous day’s close as strong demand from buyers drove the stock to $4.05.
Actively observing the price movement in the last trading, the stock closed the session at $4.08. The value of beta (5-year monthly) was 1.06 whereas the PE ratio was 12.48 over 12-month period. Referring to stock’s 52-week performance, its high was $7.95, and the low was $3.32. On the whole, SIRI has fluctuated by -15.80% over the past month.
With the market capitalization of Sirius XM Holdings Inc currently standing at about $15.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 2.51%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.07, which is expected to increase to $0.08 for fiscal year $0.3 and then to about $0.33 by fiscal year 2025. Data indicates that the EPS growth is expected to be -6.30% in 2025, while the next year’s EPS growth is forecast to be 10.00%.
Analysts have estimated the company’s revenue for the quarter at $2.13 billion, with a low estimate of $2.1 billion and a high estimate of $2.16 billion. According to the average forecast, sales growth in current quarter could jump down -0.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $8.81 billion, representing a decrease of -1.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SIRI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.78, with the price of SIRI currently trading nearly -8.38% and -17.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 20.48, while the 7-day volatility ratio is showing 2.82% which for the 30-day chart, stands at 2.99%. Furthermore, Sirius XM Holdings Inc (SIRI)’s beta value is 1.05, and its average true range (ATR) is 0.14.
A comparison of Sirius XM Holdings Inc (SIRI) with its peers suggests the former has fared considerably weaker in the market. SIRI showed an intraday change of -0.74% in last session, and over the past year, it grew by 11.26%%.
Data on historical trading for Sirius XM Holdings Inc (NASDAQ:SIRI) indicates that the trading volumes over the past 10 days have averaged 17.81 million and over the past 3 months, they’ve averaged 13.53 million. According to company’s latest data on outstanding shares, there are 3.84 billion shares outstanding.
Nearly 83.76% of Sirius XM Holdings Inc’s shares belong to company insiders and institutional investors own 11.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 151.7 million shares as on Feb 29, 2024, resulting in a short ratio of 11.73. According to the data, the short interest in Sirius XM Holdings Inc (SIRI) stood at 3.95% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 166.28 million. The stock has fallen by -25.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SIRI stock heading into the next quarter.
