Sirius XM Holdings Inc (NASDAQ:SIRI)’s traded shares stood at 4.87 million during the latest session, with the company’s beta value hitting 1.08. At the last check today, the stock’s price was $3.23, to imply a decrease of -1.26% or -$0.04 in intraday trading. The SIRI share’s 52-week high remains $5.78, putting it -78.95% down since that peak but still an impressive 24.15% since price per share fell to its 52-week low of $2.45. The company has a valuation of $12.43B, with an average of 18.46 million shares in intraday trading volume over the past 10 days and average of 40.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sirius XM Holdings Inc (SIRI), translating to a mean rating of 2.77. Of 10 analyst(s) looking at the stock, 3 analyst(s) give SIRI a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.08.
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Sirius XM Holdings Inc (NASDAQ:SIRI) trade information
After registering a -1.26% downside in the latest session, Sirius XM Holdings Inc (SIRI) has traded red over the past five days. The 5-day price performance for the stock is 6.91%, and -19.08% over 30 days. With these gigs, the year-to-date price performance is -40.97%. Short interest in Sirius XM Holdings Inc (NASDAQ:SIRI) saw shorts transact 139.96 million shares and set a 3.1 days time to cover.
The extremes give us $2.9 and $10 for target low and target high price respectively. As such, SIRI has been trading -209.6% off suggested target high and 10.22% from its likely low.
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 underperformed competitors. Sirius XM Holdings Inc (SIRI) shares are -31.74% down over the last 6 months, with its year-to-date growth rate lower than industry average at -3.13% against 10.60%. Revenue is forecast to shrink -11.10% this quarter before falling -11.10% for the next one. The rating firms project that company’s revenue will shrink -2.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 2.19B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 2.22B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.66% for the past 5-year period. While 2024 is set for a -5.18% return in earnings, projections for the next 5 years are at 3.75% annually.
SIRI Dividends
Sirius XM Holdings Inc has its next earnings report out on 2024-Oct-29. 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 0.11, with the share yield ticking at 3.30% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.46%.
Sirius XM Holdings Inc (NASDAQ:SIRI)’s Major holders
Sirius XM Holdings Inc insiders hold 87.07% of total outstanding shares, with institutional holders owning 8.44% of the shares at 65.25% float percentage. In total, 8.44% institutions holds shares in the company, led by BERKSHIRE HATHAWAY INC. As of 2024-06-30, the company held over 132.88 million shares (or 3.4558% of shares), all amounting to roughly $376.05 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 31.0 million shares, or about 0.8062% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $87.72 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap 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 Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 7.36 shares. This is just over 0.19% of the total shares, with a market valuation of $23.41 million. Data from the same date shows that the other fund manager holds a little less at 5.38, or 0.14% of the shares, all valued at about 17.1 million.
