Market Analysts see Sirius XM Holdings Inc. [SIRI] falling to $7. Time to buy?

Sirius XM Holdings Inc. [NASDAQ: SIRI] price surged by 1.34 percent to reach at $0.08. The company report on October 12, 2021 that SiriusXM Signs The Last Podcast on the Left, Award-Winning Comedy Horror Podcast.

Agreement with SiriusXM brings critically acclaimed show back to wide distribution and ad-free listening on Stitcher Premium.

Show’s creators to continue with the show as it enters multi-year agreement with SiriusXM’s Stitcher.

A sum of 15963758 shares traded at recent session while its average daily volume was at 16.32M shares. Sirius XM Holdings Inc. shares reached a high of $6.08 and dropped to a low of $5.95 until finishing in the latest session at $6.04.

The one-year SIRI stock forecast points to a potential upside of 20.42. The average equity rating for SIRI stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Sirius XM Holdings Inc. [SIRI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIRI shares is $7.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SIRI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Sirius XM Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 08, 2021. The new note on the price target was released on September 28, 2021, representing the official price target for Sirius XM Holdings Inc. stock. Previously, the target price had yet another drop from $7.50 to $7.25, while Credit Suisse kept a Neutral rating on SIRI stock. On October 27, 2020, analysts increased their price target for SIRI shares from 6 to 7.

The Average True Range (ATR) for Sirius XM Holdings Inc. is set at 0.12, with the Price to Sales ratio for SIRI stock in the period of the last 12 months amounting to 3.01. Price to Free Cash Flow for SIRI in the course of the last twelve months was 19.05 with Quick ratio for the last quarter at 0.50.

SIRI Stock Performance Analysis:

Sirius XM Holdings Inc. [SIRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.27. With this latest performance, SIRI shares dropped by -0.17% in over the last four-week period, additionally sinking by -3.82% over the last 6 months – not to mention a rise of 2.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIRI stock in for the last two-week period is set at 44.82, with the RSI for the last a single of trading hit 44.25, and the three-weeks RSI is set at 45.09 for Sirius XM Holdings Inc. [SIRI]. The present Moving Average for the last 50 days of trading for this stock 6.16, while it was recorded at 6.10 for the last single week of trading, and 6.22 for the last 200 days.

Insight into Sirius XM Holdings Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Sirius XM Holdings Inc. [SIRI] shares currently have an operating margin of +23.16 and a Gross Margin at +44.15. Sirius XM Holdings Inc.’s Net Margin is presently recorded at +1.63.

Return on Total Capital for SIRI is now 26.06, given the latest momentum, and Return on Invested Capital for the company is 1.85. Additionally, SIRI Total Debt to Total Capital is recorded at 134.20, with Total Debt to Total Assets ending up at 86.78.

Reflecting on the efficiency of the workforce at the company, Sirius XM Holdings Inc. [SIRI] managed to generate an average of $22,878 per employee. Receivables Turnover for the company is 11.98 with a Total Asset Turnover recorded at a value of 0.71.Sirius XM Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SIRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sirius XM Holdings Inc. go to 9.85%.

Sirius XM Holdings Inc. [SIRI] Insider Position Details

There are presently around $3,410 million, or 14.10% of SIRI stock, in the hands of institutional investors. The top three institutional holders of SIRI stocks are: BLACKROCK INC. with ownership of 80,556,355, which is approximately -7.535% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 73,986,138 shares of the stock with an approximate value of $446.88 million in SIRI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $263.7 million in SIRI stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Sirius XM Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 252 institutional holders increased their position in Sirius XM Holdings Inc. [NASDAQ:SIRI] by around 57,546,845 shares. Additionally, 263 investors decreased positions by around 81,230,765 shares, while 166 investors held positions by with 425,768,688 shares. The mentioned changes placed institutional holdings at 564,546,298 shares, according to the latest SEC report filing. SIRI stock had 58 new institutional investments in for a total of 16,830,574 shares, while 74 institutional investors sold positions of 10,092,779 shares during the same period.

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