Sirius XM Holdings Inc. (NASDAQ:SIRI)’s traded shares stood at 25.8 million during the last session, with the company’s beta value hitting 0.98. At the close of trading, the stock’s price was $3.64, to imply an increase of 0.83% or $0.03 in intraday trading. The SIRI share’s 52-week high remains $6.85, putting it -88.19% down since that peak but still an impressive 5.77% since price per share fell to its 52-week low of $3.43. The company has a valuation of $14.66B, with an average of 21.42 million shares in intraday trading volume over the past 10 days and average of 16.23 million shares over the past 3 months.
Sirius XM Holdings Inc. (NASDAQ:SIRI) trade information
After registering a 0.83% upside in the last session, Sirius XM Holdings Inc. (SIRI) has traded red over the past five days. The stock hit a weekly high of 3.79 this Friday, 03/17/23, jumping 0.83% in its intraday price action. The 5-day price performance for the stock is -0.82%, and -22.39% over 30 days. With these gigs, the year-to-date price performance is -37.67%. Short interest in Sirius XM Holdings Inc. (NASDAQ:SIRI) saw shorts transact 170.2 million shares and set a 13.09 days time to cover.
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Sirius XM Holdings Inc. (SIRI) estimates and forecasts
Looking at statistics comparing Sirius XM Holdings Inc. share performance against respective industry, we note that the company has outperformed competitors. Sirius XM Holdings Inc. (SIRI) shares are -38.72% down over the last 6 months, with its year-to-date growth rate higher than industry average at -3.13% against -11.90%. The rating firms project that company’s revenue will grow 0.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $2.17 billion. Meanwhile, for the quarter ending Jun 2023, a total of 9 analyst(s) estimate revenue growth to $2.24 billion.Earnings reports from the last fiscal year show that sales brought in $2.19 billion and $2.25 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.90% before dropping -0.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.60% for the past 5-year period. While 2023 is set for a -4.40% return in earnings, projections for the next 5 years are at 3.74% annually.
Sirius XM Holdings Inc. has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sirius XM Holdings Inc. has a forward dividend ratio of 0.10, with the share yield ticking at 2.66% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Sirius XM Holdings Inc. (NASDAQ:SIRI)’s Major holders
Sirius XM Holdings Inc. insiders hold 83.07% of total outstanding shares, with institutional holders owning 12.05% of the shares at 71.16% float percentage. In total, 12.05% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 55.11 million shares (or 1.42% of shares), all amounting to roughly $314.69 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 55.28 million shares, or about 1.42% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $315.65 million.
We also have Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Sirius XM Holdings Inc. (SIRI) shares. Going by data provided on Dec 30, 2022, Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF holds roughly 51.89 million shares. This is just over 1.33% of the total shares, with a market valuation of $303.02 million. Data from the same date shows that the other fund manager holds a little less at 17.47 million, or 0.45% of the shares, all valued at about 99.73 million.