In the latest trading session, 0.59 million Sirius XM Holdings Inc. (NASDAQ:SIRI) shares changed hands as the company’s beta touched 1.07. With the company’s most recent per share price at $24.24 changed hands at -$0.14 or -0.59% at last look, the market valuation stands at $8.22B. SIRI’s current price is a discount, trading about -138.45% off its 52-week high of $57.80. The share price had its 52-week low at $22.73, which suggests the last value was 6.23% up since then. When we look at Sirius XM Holdings Inc.’s average trading volume, we note the 10-day average is 8.29 million shares, with the 3-month average coming to 4.45 million.
Analysts gave the Sirius XM Holdings Inc. (SIRI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.77. If we narrow down to specifics, the data shows that 3 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended SIRI as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Sirius XM Holdings Inc. (NASDAQ:SIRI) trade information
Instantly SIRI was in red as seen in intraday trades today. With action -5.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.69%, with the 5-day performance at -5.31% in the red. However, in the 30-day time frame, Sirius XM Holdings Inc. (NASDAQ:SIRI) is -25.66% down. Looking at the short shares, we see there were 15.49 million shares sold at short interest cover period of 4.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need a downside of -304.0% from its recent market value. According to analyst projections, SIRI’s forecast low is 3 with 40 as the target high. To hit the forecast high, the stock’s price needs a -65.02% plunge from its current level, while the stock would need to tank 87.62% for it to hit the projected low.
Sirius XM Holdings Inc. (SIRI) estimates and forecasts
Data shows that the Sirius XM Holdings Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.72% over the past 6 months, a 1.56% in annual growth rate that is considerably lower than the industry average of 7.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.66%. The 2024 estimates are for Sirius XM Holdings Inc. earnings to increase by 0.42%, but the outlook for the next 5-year period is at 7.80% per year.
SIRI Dividends
Sirius XM Holdings Inc. is expected to release its next quarterly earnings report on 2024-Aug-01. The 4.39% annual yield figure for the share gives it an annual dividend of 1.06. It is important to note, however, that the 4.39% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.5 per year.
Sirius XM Holdings Inc. (NASDAQ:SIRI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 39.95% of Sirius XM Holdings Inc. shares while 9.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.86%. There are 9.52% institutions holding the Sirius XM Holdings Inc. stock share, with BERKSHIRE HATHAWAY INC the top institutional holder. As of 2024-06-30, the company held 3.4558% of the shares, roughly 132.88 million SIRI shares worth $376.05 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 0.8062% or 31.0 million shares worth $87.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 7.15 shares estimated at $172.7 million under it, the former controlled 0.00% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 0.00% of the shares, roughly 4.95 shares worth around $119.6 million.
