Sirius XM Holdings Inc (NASDAQ: SIRI) At $3.40 Is Worth A Gamble

During the last session, Sirius XM Holdings Inc (NASDAQ:SIRI)’s traded shares were 41.66 million, with the beta value of the company hitting 1.08. At the end of the trading day, the stock’s price was $3.40, reflecting an intraday loss of -1.59% or -$0.06. The 52-week high for the SIRI share is $7.95, that puts it down -133.82 from that peak though still a striking 27.94% gain since the share price plummeted to a 52-week low of $2.45. The company’s market capitalization is $13.10B, and the average intraday trading volume over the past 10 days was 50.87 million shares, and the average trade volume was 39.62 million shares over the past three months.

Sirius XM Holdings Inc (SIRI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.36. SIRI has a Sell rating from 3 analyst(s) out of 9 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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.

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Sirius XM Holdings Inc (NASDAQ:SIRI) trade information

Sirius XM Holdings Inc (SIRI) registered a -1.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.59% in intraday trading to $3.40, hitting a weekly high. The stock’s 5-day price performance is -8.22%, and it has moved by 22.92% in 30 days. Based on these gigs, the overall price performance for the year is -37.98%. The short interest in Sirius XM Holdings Inc (NASDAQ:SIRI) is 156.54 million shares and it means that shorts have 2.92 day(s) to cover.

The extremes of the forecast give a target low and a target high price of $2.9 and $10 respectively. As a result, SIRI is trading at a discount of -194.12% off the target high and 14.71% 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 -36.47% during the last six months, with a year-to-date growth rate less than the industry average at -3.13% against 21.00. In the rating firms’ projections, revenue will decrease -1.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.2B as predicted by 11 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 2.2B by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.66%. While earnings are projected to return -6.09% in 2024, the next five years will return 7.80% per annum.

SIRI Dividends

Sirius XM Holdings Inc is due to release its next quarterly earnings in August. 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 0.10, with the dividend yield indicating at 3.05 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.42%.

Sirius XM Holdings Inc (NASDAQ:SIRI)’s Major holders

The next largest institutional holding, with 36.68 million shares, is of BERKSHIRE HATHAWAY INC’s that is approximately 0.9553% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $142.33 million.