Sirius XM Holdings Inc. (NASDAQ:SIRI) marked $5.10 per share on Monday, down from a previous closing price of $5.11. While Sirius XM Holdings Inc. has underperformed by -0.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SIRI fell by -22.49%, with highs and lows ranging from $7.95 to $3.32, whereas the simple moving average jumped by 3.93% in the last 200 days.
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On Aug-01-23, Seaport Research Partners Upgraded Sirius XM Holdings Inc. (NASDAQ: SIRI) to Neutral.
Analysis of Sirius XM Holdings Inc. (SIRI)
SIRI currently pays a dividend of $0.10 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -1.90%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Sirius XM Holdings Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -32.90% is sufficient for you to turn a profit off your investment.
An average volume of 22.14M can be a very valuable indicator of volatility for SIRI stock. On a monthly basis, the volatility of the stock is set at 8.46%, whereas on a weekly basis, it is put at 9.44%, with a loss of -15.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.59, showing decline from the present price of $5.10, which can serve as yet another indication of whether SIRI is worth investing in or should be passed over.
How Do You Analyze Sirius XM Holdings Inc. Shares?
The USA based company Sirius XM Holdings Inc. (SIRI) is one of the biggest names in Entertainment. When comparing Sirius XM Holdings Inc. shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.71, there is a growth in quarterly earnings of -23.10%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SIRI shares?
The recent increase in stakes in SIRI appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SIRI has increased by 9.92% in the first quarter. The company now owns 60,670,481 shares of the stock, with a value of $274.84 million, following the purchase of 5,474,271 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in SIRI during the first quarter, upping its stake by 8.29%. During the last quarter, the company picked up 2,288,005 additional shares for a total stake of worth $135.43 million, bringing number of shares owned by the company to 29,896,502.
During the first quarter, Pacer Advisors, Inc. added a 24,115,968 position in SIRI. SSgA Funds Management, Inc. purchased an additional 0.11 million shares in the last quarter, increasing its holdings by 0.45%, now holding 24.35 million shares worth $110.31 million. At the end of the first quarter, Geode Capital Management LLC decreased its SIRI holdings by -18.94% and now holds 12.81 million SIRI shares valued at $58.05 million with the lessened -2.99 million shares during the period. SIRI shares are owned by institutional investors to the tune of 10.70% at present.