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Sirius XM Holdings Inc (SIRI) Analysis & Forecast for 2024

Sirius XM Holdings Inc (NASDAQ: SIRI) is -53.75% lower on its value in year-to-date trading and has touched a low of $2.52 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 $2.56 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.53, the stock is -10.82% and -18.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.42 million and changing -1.17% at the moment leaves the stock -40.95% off its SMA200. SIRI registered -34.79% loss for a year compared to 6-month loss of -46.28%.

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The stock witnessed a -17.32% gain in the last 1 month and extending the period to 3 months gives it a -39.33%, and is -8.66% 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 4.01% over the week and 3.38% over the month.

Sirius XM Holdings Inc (SIRI) has around 5680 employees, a market worth around $9.73B and $8.97B in sales. Current P/E ratio is 7.58 and Fwd P/E is 7.89. Profit margin for the company is 14.38%. Distance from 52-week low is 0.40% and -68.18% from its 52-week high. The company has generated returns on investments over the last 12 months (19.38%).

The EPS is expected to shrink by -5.83% this year.

Sirius XM Holdings Inc (SIRI) Top Institutional Holders

The shares outstanding are 3.84B, and float is at 627.75M with Short Float at 22.96%.

Sirius XM Holdings Inc (SIRI) Insider Activity

The most recent transaction is an insider sale by Salen Kristina,the company’sDirector. SEC filings show that Salen Kristina sold 12,518 shares of the company’s common stock on Jun 05 ’24 at a price of $2.62 per share for a total of $32797.0. Following the sale, the insider now owns 0.18 million shares.

Sirius XM Holdings Inc disclosed in a document filed with the SEC on Feb 13 ’24 that Inzerillo Joseph A (Chief Product & Tech. Officer) sold a total of 107,611 shares of the company’s common stock. The trade occurred on Feb 13 ’24 and was made at $4.90 per share for $0.53 million. Following the transaction, the insider now directly holds 0.75 million shares of the SIRI stock.

Still, SEC filings show that on Feb 09 ’24, MEYER JAMES E (Director) disposed off 800,000 shares at an average price of $4.92 for $3.94 million. The insider now directly holds 1,091,472 shares of Sirius XM Holdings Inc (SIRI).

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