The trading price of Sirius XM Holdings Inc. (NASDAQ:SIRI) closed lower on Tuesday, May 23, closing at $3.53, -0.56% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.50 and $3.60. The company’s P/E ratio in the trailing 12-month period was 12.26, while its 5Y monthly beta was 0.96. In examining the 52-week price action we see that the stock hit a 52-week high of $6.85 and a 52-week low of $3.32. Over the past month, the stock has lost -6.61% in value.
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Sirius XM Holdings Inc., whose market valuation is $14.04 billion at the time of this writing, is expected to release its quarterly earnings report Jul 26, 2023 – Jul 31, 2023. The dividend yield on the company stock is 2.75%, while its Forward Dividend ratio is 0.10. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.07 per share this quarter, however they have predicted annual earnings per share of $0.29 for 2023 and $0.31 for 2024. It means analysts are expecting annual earnings per share growth of -6.50% this year and 6.90% next year.
Analysts have forecast the company to bring in revenue of $2.24 billion for the current quarter, with the likely lows of $2.17 billion and highs of $2.27 billion. The average estimate suggests sales will likely down by -0.60% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $8.99 billion. The company’s revenue is forecast to drop by -0.20% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Sirius XM Holdings Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SIRI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.91, which symbolizes a positive outlook. A quick review shows that SIRI’s price is currently -2.47% off the SMA20 and -5.87% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.34, and weekly volatility stands at 3.71%. When measured over the past 30 days, the indicator reaches 4.38%. Sirius XM Holdings Inc. (NASDAQ:SIRI)’s beta value is currently sitting at 0.95, while the Average True Range indicator is currently displaying 0.14. With analysts defining $3.25-$6.25 as the low and high price targets, we arrive at a consensus price target of $4.59 for the trailing 12-month period. The current price is about 7.93% off the estimated low and -77.05% off the forecast high, based on this estimate. Investors will be thrilled if SIRI’s share price rises to $4.40, which is the median consensus price. At that level, SIRI’s share price would be -24.65% below current price.
To see how Sirius XM Holdings Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SIRI stock’s performance was -0.56% in the latest trading, and -42.69% in the past year, while Alphabet Inc. (GOOG) has traded -2.05% on the day and positioned 12.79% higher than it was a year ago. Another comparable company Alphabet Inc. (GOOGL) saw its stock close -1.99% lower in the most recent trading session but was up 12.54% in a year. Furthermore, Meta Platforms Inc. (META) showed a decrease of -0.64% on the day while its price kept inclining at 27.49% over the past year. Sirius XM Holdings Inc. has a P/E ratio of 12.26, compared to Alphabet Inc.’s 25.90 and Alphabet Inc.’s 27.67. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.
An evaluation of the daily trading volume of Sirius XM Holdings Inc. (NASDAQ:SIRI) indicates that the 3-month average is 16.40 million. However, this figure has increased over the past 10 days to an average of 14.77 million.
Currently, records show that 3.89 billion of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 10.70%. The stats also highlight that short interest as of Apr 27, 2023, stood at 200.7 million shares, resulting in a short ratio of 13.68 at that time. From this, we can conclude that short interest is 5.19% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 179.75 million. However, since the stock’s price has seen -39.55% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.