Sirius XM Holdings Inc (NASDAQ: SIRI) Up 2.33%: This Is What Analysts Are Now Forecasting

Sirius XM Holdings Inc (NASDAQ:SIRI) price on Wednesday, July 10, rose 2.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.51.

A look at the stock’s price movement, the close in the last trading session was $3.43. The PE ratio in trailing twelve months stood at 10.52. Turning to its 52-week performance, $7.95 and $2.45 were the 52-week high and 52-week low respectively. Overall, SIRI moved 37.11% over the past month.

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Sirius XM Holdings Inc’s market cap currently stands at around $13.50 billion. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 2.96%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that SIRI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

The technical evaluation for the stock shows the PEG ratio is 1.35, with SIRI’s current price about 21.80% and 20.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.31, while 7-day volatility ratio is 15.22% and 7.22% in the 30-day chart. Further, Sirius XM Holdings Inc (SIRI) has a beta value of 1.09, and an average true range (ATR) of 0.24.

If we refocus on Sirius XM Holdings Inc (NASDAQ:SIRI), historical trading data shows that trading volumes averaged 37.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.84 billion shares.

The 83.67% of Sirius XM Holdings Inc’s shares are in the hands of company insiders while institutional holders own 9.90% of the company’s shares. Current price change has pushed the stock -35.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SIRI stock continues to rise going into the next quarter.

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