Sirius XM Holdings Inc. [NASDAQ: SIRI] gained 2.27% on the last trading session, reaching $4.50 price per share at the time. The company report on August 1, 2023 at 7:00 AM that SiriusXM Reports Second Quarter 2023 Operating and Financial Results.
SiriusXM (NASDAQ: SIRI) today reported operating and financial results for the second quarter 2023, which have been posted to the Investor Relations section of the SiriusXM website at https://investor.siriusxm.com.
The company will also host a live webcast for investors at 8:00 a.m. ET. The webcast will be hosted by SiriusXM’s Chief Executive Officer, Jennifer Witz, and Chief Financial Officer, Thomas Barry. The live webcast can be accessed through the Investor Relations section of SiriusXM’s website at https://investor.siriusxm.com/. An archive of the webcast will be available on the company’s website after the call for a limited time.
Sirius XM Holdings Inc. represents 3.86 billion in outstanding shares, while the company has a total market value of $16.91 billion with the latest information. SIRI stock price has been found in the range of $4.42 to $4.53.
If compared to the average trading volume of 21.37M shares, SIRI reached a trading volume of 10314082 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 $4.94 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 3.20. 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.
Pivotal Research Group have made an estimate for Sirius XM Holdings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 02, 2023.
The Average True Range (ATR) for Sirius XM Holdings Inc. is set at 0.24, with the Price to Sales ratio for SIRI stock in the period of the last 12 months amounting to 1.89. Price to Free Cash Flow for SIRI in the course of the last twelve months was 12.75.
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 11.39. With this latest performance, SIRI shares dropped by -9.64% in over the last four-week period, additionally plugging by 5.88% over the last 6 months – not to mention a drop of -26.11% 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 48.89, with the RSI for the last a single of trading hit 51.94, and the three-weeks RSI is set at 48.91 for Sirius XM Holdings Inc. [SIRI]. The present Moving Average for the last 50 days of trading for this stock 4.76, while it was recorded at 4.37 for the last single week of trading, and 4.71 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 +23.33 and a Gross Margin at +43.83. Sirius XM Holdings Inc.’s Net Margin is presently recorded at +13.47.
Return on Total Capital for SIRI is now 32.09, given the latest momentum, and Return on Invested Capital for the company is 18.96. Additionally, SIRI Total Debt to Total Capital is recorded at 151.78, with Total Debt to Total Assets ending up at 98.00.
Reflecting on the efficiency of the workforce at the company, Sirius XM Holdings Inc. [SIRI] managed to generate an average of $206,679 per employee. Receivables Turnover for the company is 13.08 with a Total Asset Turnover recorded at a value of 0.89.Sirius XM Holdings Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.30.
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 7.76%.
An analysis of Institutional ownership at Sirius XM Holdings Inc. [SIRI]
The top three institutional holders of SIRI stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in SIRI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in SIRI stock with ownership which is approximately 5.7381%.