Sirius XM Holdings Inc. [SIRI] stock prices are saw in change for the day to $5.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SIRI shares have lost -0.50% over the last week, with a monthly amount drifted -3.25%, and not seem to be holding up well over a long-time horizon.
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On 9, January 2023, SiriusXM to Report Fourth Quarter and Full Year 2022 Financial and Operating Results. In a post published today on Yahoo Finance, SiriusXM Holdings Inc. (NASDAQ: SIRI) will release its fourth quarter and full year 2022 financial and operating results on Thursday, February 2, and will hold a conference call the same day at 8:00 a.m. ET. The call will be hosted by SiriusXM’s Chief Executive Officer, Jennifer Witz, and Executive Vice President and Chief Financial Officer, Sean Sullivan.
From an analyst’s perspective:
Sirius XM Holdings Inc. [NASDAQ: SIRI] stock has seen the most recent analyst activity on December 01, 2022, when Citigroup downgraded its rating to a Sell and also revised its price target to $6 from $7. Previously, Pivotal Research Group downgraded its rating to Hold on August 01, 2022, and dropped its price target to $7.10. On April 19, 2022, Rosenblatt initiated with a Buy rating and assigned a price target of $8 on the stock. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $7 on April 18, 2022. JP Morgan downgraded its rating to a Underweight and reduced its price target to $6 on January 14, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on January 04, 2022, and downed its price target to $7. In a note dated November 19, 2021, Barclays downgraded an Underweight rating on this stock but restated the target price of $6.
The stock price of Sirius XM Holdings Inc. [SIRI] has been fluctuating between $5.69 and $6.85 over the past year. Currently, Wall Street analysts expect the stock to reach $6.66 within the next 12 months. Sirius XM Holdings Inc. [NASDAQ: SIRI] shares were valued at $5.96 at the most recent close of the market. An investor can expect a potential return of 11.74% based on the average SIRI price forecast.
Analyzing the SIRI fundamentals
The most recent quarter, Sirius XM Holdings Inc. [NASDAQ:SIRI] reported sales of 2.28 billion, representing a surge of 3.70%. 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 5.91 points at the first support level, and at 5.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.98, and for the 2nd resistance point, it is at 6.01.
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’s worth pointing out that Sirius XM Holdings Inc. [NASDAQ:SIRI]’s Current Ratio is 0.40. As well, the Quick Ratio is 0.40, while 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 20.41.
Transactions by insiders
Insider trading has also been a hot topic recently, with 20 insiders purchasing 206,632 shares and 5 selling 615,450 shares in the past 3 months. Recent insider trading involved Salen Kristina, Director, that happened on Nov 23 when 44670.0 shares were sold. Senior VP & Controller, BARRY THOMAS D completed a deal on Nov 11 to sell 33639.0 shares. Meanwhile, EVP, General Counsel & Sec. DONNELLY PATRICK L sold 0.41 million shares on Aug 04.