Citigroup slashes price target on Sirius XM Holdings Inc. [SIRI] – find out why.

Sirius XM Holdings Inc. [NASDAQ: SIRI] loss -2.65% or -0.17 points to close at $6.24 with a heavy trading volume of 15220402 shares. The company report on November 29, 2022 that SiriusXM Commissions Maxar to Build Two New Satellites, SXM-11 and SXM-12.


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SXM-11 and -12 join SXM-9 and -10 in Maxar development pipeline for SiriusXM.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) and SiriusXM (NASDAQ: SIRI) today announced a new agreement commissioning Maxar to build and deliver two new geostationary communications satellites for SiriusXM.

It opened the trading session at $6.36, the shares rose to $6.36 and dropped to $6.24, the range by which the price of stock traded the whole day. The daily chart for SIRI points out that the company has recorded -0.48% loss over the past six months. However, it is still -9.67% lower than its most recent low trading price.

If we look at the average trading volume of 15.49M shares, SIRI reached to a volume of 15220402 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $6.73 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 2.80. 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.

Citigroup have made an estimate for Sirius XM Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 01, 2022. While these analysts kept the previous recommendation, Pivotal Research Group dropped their target price from $7.55 to $7.10. The new note on the price target was released on August 01, 2022, representing the official price target for Sirius XM Holdings Inc. stock. Previously, the target price had yet another raise to $8, while Rosenblatt analysts kept a Buy rating on SIRI stock.

The Average True Range (ATR) for Sirius XM Holdings Inc. is set at 0.15, with the Price to Sales ratio for SIRI stock in the period of the last 12 months amounting to 2.77. Price to Free Cash Flow for SIRI in the course of the last twelve months was 145.80.

Trading performance analysis for SIRI stock

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 -3.85. With this latest performance, SIRI shares gained by 2.80% in over the last four-week period, additionally sinking by -0.48% over the last 6 months – not to mention a rise of 3.62% 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 44.54, with the RSI for the last a single of trading hit 37.70, and the three-weeks RSI is set at 47.84 for Sirius XM Holdings Inc. [SIRI]. The present Moving Average for the last 50 days of trading for this stock 6.17, while it was recorded at 6.39 for the last single week of trading, and 6.25 for the last 200 days.

Sirius XM Holdings Inc. [SIRI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Sirius XM Holdings Inc. [SIRI] shares currently have an operating margin of +23.40 and a Gross Margin at +44.09. Sirius XM Holdings Inc.’s Net Margin is presently recorded at +15.11.

Sirius XM Holdings Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.40.

Sirius XM Holdings Inc. [SIRI]: An earnings per share (EPS) analysis

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 3.54%.

An analysis of insider ownership at Sirius XM Holdings Inc. [SIRI]

There are presently around $2,544 million, or 10.70% of SIRI stock, in the hands of institutional investors. The top three institutional holders of SIRI stocks are: VANGUARD GROUP INC with ownership of 55,279,787, which is approximately -21.957% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 55,111,306 shares of the stock with an approximate value of $343.89 million in SIRI stocks shares; and STATE STREET CORP, currently with $152.97 million in SIRI stock with ownership of nearly -4.361% of the company’s market capitalization.

Positions in Sirius XM Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 275 institutional holders increased their position in Sirius XM Holdings Inc. [NASDAQ:SIRI] by around 38,739,248 shares. Additionally, 249 investors decreased positions by around 57,651,476 shares, while 174 investors held positions by with 311,283,352 shares. The mentioned changes placed institutional holdings at 407,674,076 shares, according to the latest SEC report filing. SIRI stock had 70 new institutional investments in for a total of 7,926,254 shares, while 57 institutional investors sold positions of 9,889,669 shares during the same period.

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