This is why Sirius XM Holdings Inc. (SIRI) Stock is one of the options for the Longer run

At the time of writing, Sirius XM Holdings Inc. [SIRI] stock is trading at $6.00, up down -0.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The SIRI shares have lost -0.17% over the last week, with a monthly amount drifted -6.25%, and not seem to be holding up well over a long-time horizon.

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On 31, August 2022, SiriusXM to Present at the BofA Media, Communications & Entertainment Conference and the Goldman Sachs Communacopia + Technology Conference. In a post published today on Yahoo Finance, SiriusXM today announced that Jennifer Witz, Chief Executive Officer, will present at the Bank of America Media, Communications & Entertainment Conference on Wednesday, September 7 at 4:10 pm ET, and Sean Sullivan, Chief Financial Officer, will present at the Goldman Sachs Communacopia + Technology Conference on Monday, September 12, at 7:30 pm ET.

From an analyst’s perspective:

Sirius XM Holdings Inc. [NASDAQ: SIRI] stock has seen the most recent analyst activity on August 01, 2022, when Pivotal Research Group downgraded its rating to a Hold and also revised its price target to $7.10 from $7.55. Previously, Rosenblatt started tracking the stock with Buy rating on April 19, 2022, and set its price target to $8. On April 18, 2022, downgrade downgraded it’s rating to Underweight but maintained its price target of $7 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $6 on January 14, 2022. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $7 on January 04, 2022. Barclays downgraded its rating to Underweight for this stock on November 19, 2021, but kept the price target unchanged to $6. In a note dated October 08, 2021, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $8 to $7.

For the past year, the stock price of Sirius XM Holdings Inc. fluctuated between $5.69 and $6.85. Currently, Wall Street analysts expect the stock to reach $7.05 within the next 12 months. Sirius XM Holdings Inc. [NASDAQ: SIRI] shares were valued at $6.00 at the most recent close of the market. An investor can expect a potential return of 17.5% based on the average price forecast.

Analyzing the SIRI fundamentals

According to Sirius XM Holdings Inc. [NASDAQ:SIRI], the company’s sales were 2.25 billion in the recent quarter, which represents an 4.40% jump. Gross Margin for this corporation currently stands at +44.09% with Operating Margin at +23.40%, Pretax Margin comes in at +17.55%, and Net Margin reading is +15.11%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.93 points at the first support level, and at 5.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.06, and for the 2nd resistance point, it is at 6.12.

Sirius XM Holdings Inc. [SIRI] reported earnings per share of $0.07 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $-0.01 and a surprise factor of -12.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.08 per share as compared to estimates of $0.08 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

It is important to note that Sirius XM Holdings Inc. [NASDAQ:SIRI] has a current ratio of 0.40. On the other hand, the Quick Ratio is 0.40, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.03 and the P/E (TTM) ratio is 19.17.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 25 insider purchases totaling 7,728,140 shares and 8 insider sales totaling 7,925,115 shares over the past 3 months. Recent insider trading involved DONNELLY PATRICK L, EVP, General Counsel & Sec., that happened on Aug 04 when 0.41 million shares were sold. Senior VP & Controller, BARRY THOMAS D completed a deal on Jul 29 to sell 40793.0 shares. Meanwhile, Pres. & Chief Content Officer Greenstein Scott Andrew sold 1.08 million shares on Jul 29.