At the time of writing, Sirius XM Holdings Inc [SIRI] stock is trading at $3.25, up 6.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SIRI shares have gain 8.33% over the last week, with a monthly amount drifted -6.88%, and not 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 July 25, 2024, when Citigroup downgraded its rating to a Sell but kept the price target unchanged to $2.80 for it. Previously, Evercore ISI upgraded its rating to In-line on June 24, 2024, and dropped its price target to $3.25. On May 01, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $3.25 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $4.30 on April 29, 2024. Pivotal Research Group upgraded its rating to a Buy and reduced its price target to $4.90 on April 24, 2024. Citigroup upgraded its rating to Neutral for this stock on April 24, 2024, and downed its price target to $3.30. In a note dated March 14, 2024, Guggenheim initiated an Neutral rating and provided a target price of $4 on this stock.
For the past year, the stock price of Sirius XM Holdings Inc fluctuated between $2.45 and $5.78. Currently, Wall Street analysts expect the stock to reach $4.58 within the next 12 months. Sirius XM Holdings Inc [NASDAQ: SIRI] shares were valued at $3.25 at the most recent close of the market. An investor can expect a potential return of 40.92% based on the average SIRI price forecast.
Analyzing the SIRI fundamentals
According to Sirius XM Holdings Inc [NASDAQ:SIRI], the company’s sales were 8.90B for trailing twelve months, which represents an -3.20% plunge. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -0.52 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.3.
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 3.09 points at the first support level, and at 2.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.37, and for the 2nd resistance point, it is at 3.48.
Ratios To Look Out For
It is important to note that Sirius XM Holdings Inc [NASDAQ:SIRI] has a current ratio of 0.43. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.41 and price to earnings (TTM) ratio is 9.68.
Transactions by insiders
Recent insider trading involved Greenstein Scott Andrew, Pres. & Chief Content Officer, that happened on Aug 08 ’24 when 1.45 million shares were sold. Director, Salen Kristina completed a deal on Jun 12 ’24 to sell 12518.0 shares. Meanwhile, Director Salen Kristina sold 12518.0 shares on Jun 05 ’24.
