Sirius XM Holdings Inc (NASDAQ:SIRI) price closed higher on current market day and jumping 3.68% above its previous close.
A look at the daily price movement shows that the last close reads $22.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $41.60 and 52-week low of $18.69. The stock added 5.75% on its value in the past month.
Sirius XM Holdings Inc, which has a market valuation of $7.71 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 1.08, while the dividend yield is 4.72%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 10 analysts have assigned SIRI a recommendation rating as follows: 3 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Sirius XM Holdings Inc (SIRI) stock as Underweight, with 3 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SIRI’s price is at present 3.36% off the SMA20 and 6.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.76, with weekly volatility standing at 1.98%. The indicator jumps to 1.73% when calculated based on the past 30 days. Sirius XM Holdings Inc (NASDAQ:SIRI)’s beta value is holding at 0.90, while the average true range (ATR) indicator is currently reading 0.69. Considering analysts have assigned the stock a price target range of $16-$28 as the low and high respectively, we find the trailing 12-month average consensus price target to be $22. Based on this estimate, we see that current price is roughly 29.86% off the estimated low and -22.75% off the forecast high. Investors will no doubt be excited to see the share price rise to $22, which is the median consensus price, and at that level SIRI would be 3.55% from current price.
Current records show that the company has 339.00M in outstanding shares. The insiders’ percentage holdings are 8.55% of outstanding shares while the percentage share held by institutions stands at 73.60%. But the 0.04% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
