Sirius XM Holdings Inc. [SIRI] Revenue clocked in at $9.00 billion, down -4.55% YTD: What’s Next?

Sirius XM Holdings Inc. [NASDAQ: SIRI] gained 0.34% on the last trading session, reaching $5.84 price per share at the time. 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.

Sirius XM Holdings Inc. represents 3.90 billion in outstanding shares, while the company has a total market value of $22.64 billion with the latest information. SIRI stock price has been found in the range of $5.76 to $5.84.

If compared to the average trading volume of 14.65M shares, SIRI reached a trading volume of 9810926 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 0.12, with the Price to Sales ratio for SIRI stock in the period of the last 12 months amounting to 2.52. Price to Free Cash Flow for SIRI in the course of the last twelve months was 132.38.

Trading performance analysis for SIRI stock

Sirius XM Holdings Inc. [SIRI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.52. With this latest performance, SIRI shares dropped by -10.02% in over the last four-week period, additionally sinking by -5.96% over the last 6 months – not to mention a drop of -5.59% 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 36.91, with the RSI for the last a single of trading hit 37.31, and the three-weeks RSI is set at 38.95 for Sirius XM Holdings Inc. [SIRI]. The present Moving Average for the last 50 days of trading for this stock 6.18, while it was recorded at 5.80 for the last single week of trading, and 6.23 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 $2,330 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 $321.85 million in SIRI stocks shares; and STATE STREET CORP, currently with $143.16 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 February and at the time of the February reporting period, where 276 institutional holders increased their position in Sirius XM Holdings Inc. [NASDAQ:SIRI] by around 38,742,150 shares. Additionally, 248 investors decreased positions by around 57,655,242 shares, while 169 investors held positions by with 302,535,228 shares. The mentioned changes placed institutional holdings at 398,932,620 shares, according to the latest SEC report filing. SIRI stock had 71 new institutional investments in for a total of 7,926,296 shares, while 58 institutional investors sold positions of 9,904,623 shares during the same period.

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