Sirius XM Holdings Inc (NASDAQ:SIRI) has a beta value of 1.06 and has seen 4.41 million shares traded in the recent trading session. The company, currently valued at $15.31B, closed the recent trade at $3.98 per share which meant it lost -$0.05 on the day or -1.12% during that session. The SIRI stock price is -99.75% off its 52-week high price of $7.95 and 16.58% above the 52-week low of $3.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.16 million shares traded. The 3-month trading volume is 13.32 million shares.
Sirius XM Holdings Inc (NASDAQ:SIRI) trade information
Sporting -1.12% in the red today, the stock has traded in the red over the last five days, when the SIRI stock price touched $3.98 or saw a rise of 5.01%. Year-to-date, Sirius XM Holdings Inc shares have moved -27.15%, while the 5-day performance has seen it change -3.04%. Over the past 30 days, the shares of Sirius XM Holdings Inc (NASDAQ:SIRI) have changed -16.98%. Short interest in the company has seen 151.7 million shares shorted with days to cover at 11.73.
Sirius XM Holdings Inc (SIRI) estimates and forecasts
Figures show that Sirius XM Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -2.80% over the past 6 months, with this year growth rate of -6.25%, compared to 25.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 16.70% and -12.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.60%.
11 analysts offering their estimates for the company have set an average revenue estimate of $2.13 billion for the current quarter. 9 have an estimated revenue figure of $2.2 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.66% over the past 5 years. Earnings growth for 2024 is a modest -6.61% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
SIRI Dividends
Sirius XM Holdings Inc is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.10 at a share yield of 2.55%. The company’s dividend yield has gone up over the past 12 months.
Sirius XM Holdings Inc (NASDAQ:SIRI)’s Major holders
Insiders own 84.89% of the company shares, while shares held by institutions stand at 12.04% with a share float percentage of 79.72%. Investors are also buoyed by the number of investors in a company, with Sirius XM Holdings Inc having a total of 856 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 61.3 million shares worth more than $277.68 million. As of Jun 29, 2023, Vanguard Group Inc held 1.60% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 49.27 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $223.18 million and represent 1.28% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Pacer U.S. Cash Cows 100 ETF. As of Aug 30, 2023, the former fund manager holds about 1.71% shares in the company for having 65.56 million shares of worth $288.46 million while later fund manager owns 25.51 million shares of worth $130.1 million as of Jul 30, 2023, which makes it owner of about 0.66% of company’s outstanding stock.
