While Sirius XM Holdings Inc has underperformed by -2.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SIRI fell by -3.02%, with highs and lows ranging from $7.95 to $3.32, whereas the simple moving average fell by -10.28% in the last 200 days.
On January 23, 2024, Wells Fargo Downgraded Sirius XM Holdings Inc (NASDAQ: SIRI) to Underweight. A report published by Pivotal Research Group on August 02, 2023, Upgraded its rating to ‘Hold’ for SIRI. Deutsche Bank also Upgraded SIRI shares as ‘Hold’, setting a target price of $6 on the company’s shares in a report dated August 02, 2023. Seaport Research Partners July 21, 2023d its ‘Neutral’ rating to ‘Sell’ for SIRI, as published in its report on July 21, 2023. Pivotal Research Group’s report from July 21, 2023 suggests a price prediction of $4.50 for SIRI shares, giving the stock a ‘Sell’ rating. Evercore ISI also rated the stock as ‘Underperform’.
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Analysis of Sirius XM Holdings Inc (SIRI)
Investors in Sirius XM Holdings Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.10 per share. Further, the quarter-over-quarter increase in sales is 0.22%, showing a positive trend in the upcoming months.
One of the most important indicators of Sirius XM Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SIRI is recording 13.49M average volume. On a monthly basis, the volatility of the stock is set at 3.07%, whereas on a weekly basis, it is put at 3.92%, with a loss of -11.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.92, showing growth from the present price of $4.17, 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 Entertainment market is dominated by Sirius XM Holdings Inc (SIRI) based in the USA. 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 12.85, there is a growth in quarterly earnings of -1.51%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 83.84%. 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 11.01% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SIRI shares are owned by institutional investors to the tune of 11.01% at present.
