Sirius XM Holdings Inc (NASDAQ:SIRI) price on current trading day, rose 2.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $27.88.
A look at the stock’s price movement, the level at last check in today’s session was $27.07, moving within a range at $27.21 and $28.12. The beta value (5-Year monthly) was 1.05. Turning to its 52-week performance, $57.80 and $22.18 were the 52-week high and 52-week low respectively. Overall, SIRI moved 6.41% over the past month.
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Sirius XM Holdings Inc’s market cap currently stands at around $9.46 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 2.86%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.17B for the company’s revenue for the quarter, with a low and high estimate of 2.16B and 2.19B respectively. The average forecast suggests down to a -5.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.68B, representing a -3.01% decline on that reported in the last financial year.
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 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend SIRI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SIRI’s current price about 4.87% and 7.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.09, while 7-day volatility ratio is 3.79% and 3.73% in the 30-day chart. Further, Sirius XM Holdings Inc (SIRI) has a beta value of 1.03, and an average true range (ATR) of 1.03. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $23 and high of $40. Looking at the price targets, the low is 17.5% off recent price level in today’s trading while to achieve the yearly target high, it has to move -43.47%. Nonetheless, investors will most likely welcome a -7.6% jump to $30 which is the analysts’ median price.
If we refocus on Sirius XM Holdings Inc (NASDAQ:SIRI), historical trading data shows that trading volumes averaged 4.08 over the past 10 days and 6.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 339.00 million shares.
The 1.14% of Sirius XM Holdings Inc’s shares are in the hands of company insiders while institutional holders own 74.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.63 million on 2024-11-15, giving us a short ratio of 3.09. The data shows that as of 2024-11-15 short interest in Sirius XM Holdings Inc (SIRI) stood at 594.9999799999999 of shares outstanding, with shares short rising to 16.29 million registered in 2024-10-15. Current price change has pushed the stock -49.03% 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.
