In last trading session, Sirius XM Holdings Inc (NASDAQ:SIRI) saw 55.07 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $3.99 trading at $0.19 or 5.00% at ring of the bell on the day assigns it a market valuation of $15.35B. That closing price of SIRI’s stock is at a discount of -73.93% from its 52-week high price of $6.94 and is indicating a premium of 38.6% from its 52-week low price of $2.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 38.12 million shares which gives us an average trading volume of 40.35 million if we extend that period to 3-months.
For Sirius XM Holdings Inc (SIRI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.36. Splitting up the data highlights that, out of 9 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Sirius XM Holdings Inc (NASDAQ:SIRI) trade information
Upright in the green during last session for gaining 5.00%, in the last five days SIRI remained trading in the green while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $3.99 price level, adding 3.16% to its value on the day. Sirius XM Holdings Inc’s shares saw a change of -27.06% in year-to-date performance and have moved 5.00% in past 5-day. Sirius XM Holdings Inc (NASDAQ:SIRI) showed a performance of 48.33% in past 30-days. Number of shares sold short was 156.54 million shares which calculate 2.92 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4.4 to the stock, which implies a rise of 9.32% to its current value. Analysts have been projecting 2.9 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 27.32% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.32% for stock’s current value.
Sirius XM Holdings Inc (SIRI) estimates and forecasts
Statistics highlight that Sirius XM Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -26.65% of value to its shares in past 6 months, showing an annual growth rate of -3.13% while that of industry is 21.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.66% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -7.50% while estimates for its earnings growth in next 5 years are of 7.80%.
SIRI Dividends
Sirius XM Holdings Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.61%, the share has a forward dividend of 0.10 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.42%.
Sirius XM Holdings Inc (NASDAQ:SIRI)’s Major holders
Insiders are in possession of 84.66% of company’s total shares while institution are holding 8.84 percent of that, with stock having share float percentage of 57.64%. Investors also watch the number of corporate investors in a company very closely, which is 8.84% institutions for Sirius XM Holdings Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SIRI for having 43.79 million shares of worth $169.89 million. And as of 2024-03-31, it was holding 1.1403 of the company’s outstanding shares.
The second largest institutional holder is BERKSHIRE HATHAWAY INC, which was holding about 36.68 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.9553 of outstanding shares, having a total worth of $142.33 million.
