Sirius XM Holdings Inc [SIRI] stock prices are up 4.85% to $3.89 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SIRI shares have gain 19.69% over the last week, with a monthly amount glided 47.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sirius XM Holdings Inc [NASDAQ: SIRI] stock has seen the most recent analyst activity on June 24, 2024, when Evercore ISI upgraded its rating to a In-line and also revised its price target to $3.25 from $4.25. Previously, Goldman upgraded its rating to Neutral on May 01, 2024, and dropped its price target to $3.25. On April 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $4.30 on the stock. Pivotal Research Group upgraded its rating to a Buy and decreased its price target to $4.90 on April 24, 2024. Citigroup upgraded its rating to a Neutral and reduced its price target to $3.30 on April 24, 2024. Guggenheim started tracking with a Neutral rating for this stock on March 14, 2024, and assigned it a price target of $4. In a note dated January 23, 2024, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $5 to $4.50.
The stock price of Sirius XM Holdings Inc [SIRI] has been fluctuating between $2.45 and $7.95 over the past year. Currently, Wall Street analysts expect the stock to reach $4.9 within the next 12 months. Sirius XM Holdings Inc [NASDAQ: SIRI] shares were valued at $3.89 at the most recent close of the market. An investor can expect a potential return of 25.96% based on the average SIRI price forecast.
Analyzing the SIRI fundamentals
The Sirius XM Holdings Inc [NASDAQ:SIRI] reported sales of 8.97B for trailing twelve months, representing a surge of 0.84%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -0.47 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -4.04.
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 3.66 points at the first support level, and at 3.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.02, and for the 2nd resistance point, it is at 4.15.
Ratios To Look Out For
It’s worth pointing out that Sirius XM Holdings Inc [NASDAQ:SIRI]’s Current Ratio is 0.35. On the other hand, the Quick Ratio is 0.35, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.67 and price to earnings (TTM) ratio is 11.66.
Transactions by insiders
Recent insider trading involved Salen Kristina, Director, that happened on Jun 12 ’24 when 12518.0 shares were sold. Director, Salen Kristina completed a deal on Jun 05 ’24 to sell 12518.0 shares. Meanwhile, Chief Product & Tech. Officer Inzerillo Joseph A sold 0.11 million shares on Feb 13 ’24.
