During the recent session, Sirius XM Holdings Inc (NASDAQ:SIRI)’s traded shares were 2.03 million, with the beta value of the company hitting 1.09. At the last check today, the stock’s price was $3.12, reflecting an intraday loss of -1.15% or -$0.04. The 52-week high for the SIRI share is $5.78, that puts it down -85.26 from that peak though still a striking 21.47% gain since the share price plummeted to a 52-week low of $2.45. The company’s market capitalization is $12.03B, and the average intraday trading volume over the past 10 days was 18.18 million shares, and the average trade volume was 40.36 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 2.62. SIRI has a Sell rating from 3 analyst(s) out of 10 analysts who have looked at this stock. 3 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 -1.15% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.15% in intraday trading to $3.12, hitting a weekly high. The stock’s 5-day price performance is 0.12%, and it has moved by -13.47% in 30 days. Based on these gigs, the overall price performance for the year is -35.99%. The short interest in Sirius XM Holdings Inc (NASDAQ:SIRI) is 166.36 million shares and it means that shorts have 2.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 22.0% to the stock’s current value. 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 -220.51% off the target high and 7.05% 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 -37.40% during the last six months, with a year-to-date growth rate less than the industry average at -3.13% against 19.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -11.10% this quarter and then drop -11.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.30% 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 2.19B as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 2.21B 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 -5.35% in 2024, the next five years will return 7.80% per annum.
SIRI Dividends
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 0.08, with the dividend yield indicating at 2.55 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.46%.
Sirius XM Holdings Inc (NASDAQ:SIRI)’s Major holders
Sirius XM Holdings Inc insiders own 84.61% of total outstanding shares while institutional holders control 8.49%, with the float percentage being 55.17%. BLACKROCK INC. is the largest shareholder of the company, while 794.0 institutions own stock in it. As of 2024-03-31, the company held over 43.79 million shares (or 1.1403% of all shares), a total value of $169.89 million in shares.
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.
