Sirius XM Holdings Inc (NASDAQ: SIRI) is -29.98% lower on its value in year-to-date trading and has touched a low of $3.32 and a high of $7.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SIRI stock was last observed hovering at around $3.88 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $3.83, the stock is -5.28% and -17.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.23 million and changing -1.29% at the moment leaves the stock -18.26% off its SMA200. SIRI registered -1.79% loss for a year compared to 6-month loss of -18.16%. The firm has a 50-day simple moving average (SMA 50) of $2.70 and a 200-day simple moving average (SMA200) of $9.53.
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The stock witnessed a -13.35% gain in the last 1 month and extending the period to 3 months gives it a -30.74%, and is -1.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.63% over the month.
Sirius XM Holdings Inc (SIRI) has around 5680 employees, a market worth around $14.72B and $8.95B in sales. Current P/E ratio is 11.80 and Fwd P/E is 11.90. Profit margin for the company is 14.05%. Distance from 52-week low is 15.36% and -51.82% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).
Sirius XM Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $2.13B over the same period.The EPS is expected to shrink by -6.85% this year, but quarterly earnings will post -1.60% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
Sirius XM Holdings Inc (SIRI) Top Institutional Holders
856 institutions hold shares in Sirius XM Holdings Inc (SIRI), with institutional investors hold 79.73% of the company’s shares. The shares outstanding are 3.84B, and float is at 623.87M with Short Float at 21.11%. Institutions hold 12.05% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 61.3 million shares valued at $277.68 million. The investor’s holdings represent 1.60% of the SIRI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 49.27 million shares valued at $223.18 million to account for 1.28% of the shares outstanding. The other top investors are State Street Corporation which holds 28.76 million shares representing 0.75% and valued at over $130.3 million, while Pacer Advisors, Inc. holds 0.63% of the shares totaling 24.34 million with a market value of $110.24 million.
Sirius XM Holdings Inc (SIRI) Insider Activity
The most recent transaction is an insider sale by Inzerillo Joseph A,the company’sChief Product & Tech. Officer. SEC filings show that Inzerillo Joseph A sold 107,611 shares of the company’s common stock on Feb 13 ’24 at a price of $4.90 per share for a total of $0.53 million. Following the sale, the insider now owns 0.75 million shares.
Sirius XM Holdings Inc disclosed in a document filed with the SEC on Feb 09 ’24 that MEYER JAMES E (Director) sold a total of 800,000 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $4.92 per share for $3.94 million. Following the transaction, the insider now directly holds 1.09 million shares of the SIRI stock.
Still, SEC filings show that on Aug 28 ’23, Witz Jennifer C (CEO) acquired 250,000 shares at an average price of $4.11 for $1.03 million. The insider now directly holds 2,812,000 shares of Sirius XM Holdings Inc (SIRI).
