During the recent session, Sirius XM Holdings Inc. (NASDAQ:SIRI)’s traded shares were 2.55 million, with the beta value of the company hitting 0.95. At the last check today, the stock’s price was $6.00, reflecting an intraday gain of 1.18% or $0.07. The 52-week high for the SIRI share is $6.78, that puts it down -13.0 from that peak though still a striking 5.17% gain since the share price plummeted to a 52-week low of $5.69. The company’s market capitalization is $22.78B, and the average intraday trading volume over the past 10 days was 21.57 million shares, and the average trade volume was 18.85 million shares over the past three months.
Sirius XM Holdings Inc. (SIRI) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.50. SIRI has a Sell rating from 4 analyst(s) out of 16 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.08.
Sirius XM Holdings Inc. (NASDAQ:SIRI) trade information
Sirius XM Holdings Inc. (SIRI) registered a 1.18% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.18% in intraday trading to $6.00 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -3.73% in 30 days. Based on these gigs, the overall price performance for the year is -3.23%. The short interest in Sirius XM Holdings Inc. (NASDAQ:SIRI) is 191.56 million shares and it means that shorts have 9.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.17, which implies an increase of 16.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.75 and $8.20 respectively. As a result, SIRI is trading at a discount of -36.67% off the target high and 4.17% off the low.
Sirius XM Holdings Inc. (SIRI) estimates and forecasts
Statistics show that Sirius XM Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Sirius XM Holdings Inc. (SIRI) shares have gone down -3.08% during the last six months, with a year-to-date growth rate less than the industry average at -5.88% against 9.50. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.24 billion as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $2.27 billion by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.30%. While earnings are projected to return 916.90% in 2022, the next five years will return 9.75% per annum.
Sirius XM Holdings Inc. is due to release its next quarterly earnings between July 25 and July 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Sirius XM Holdings Inc. is 0.09, with the dividend yield indicating at 1.48 percent, continuing the trend of increasing dividends in recent years.
Sirius XM Holdings Inc. (NASDAQ:SIRI)’s Major holders
Sirius XM Holdings Inc. insiders own 82.11% of total outstanding shares while institutional holders control 11.90%, with the float percentage being 66.53%. Blackrock Inc. is the largest shareholder of the company, while 853 institutions own stock in it. As of Mar 30, 2022, the company held over 70.93 million shares (or 1.80% of all shares), a total value of $469.55 million in shares.
The next largest institutional holding, with 56.66 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 1.44% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $375.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sirius XM Holdings Inc. (SIRI) shares are Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard Total Stock Market Index Fund. Data provided on Apr 29, 2022 indicates that Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF owns about 56.42 million shares. This amounts to just over 1.43 percent of the company’s overall shares, with a $338.53 million market value. The same data shows that the other fund manager holds slightly less at 17.13 million, or about 0.44% of the stock, which is worth about $113.42 million.