why Sirius XM Holdings Inc. [SIRI] is a Good Choice for Investors After New Price Target of $33.91

Sirius XM Holdings Inc. [NASDAQ: SIRI] traded at a low on Tuesday, posting a -4.19 loss after which it closed the day’ session at $22.66.

The results of the trading session contributed to over 6268640 shares changing hands. Over the past one week, the price volatility of Sirius XM Holdings Inc. stands at 3.67% while the volatility over the past one month is 6.28%.

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The market cap for SIRI stock reached $7.68 billion, with 384.30 million shares outstanding and 335.84 million shares in the current float. Compared to the average trading volume of 4.40M shares, SIRI reached a trading volume of 6268640 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $33.91 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 2.77. 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.

Morgan Stanley have made an estimate for Sirius XM Holdings Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 24, 2024. The new note on the price target was released on September 18, 2024, representing the official price target for Sirius XM Holdings Inc. stock. Previously, the target price had yet another raise to $2.80, while Citigroup analysts kept a Sell rating on SIRI stock. On June 24, 2024, analysts decreased their price target for SIRI shares from 4.25 to 3.25.

The Average True Range (ATR) for Sirius XM Holdings Inc. is set at 1.52, with the Price to Sales ratio for SIRI stock in the period of the last 12 months amounting to 0.86. Price to Free Cash Flow for SIRI in the course of the last twelve months was 6.37 with Quick ratio for the last quarter at 0.43.

How has SIRI stock performed recently?

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 -5.98. With this latest performance, SIRI shares dropped by -31.12% in over the last four-week period, additionally sinking by -38.59% over the last 6 months – not to mention a drop of -49.87% 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 31.80, with the RSI for the last a single of trading hit 28.38, and the three-weeks RSI is set at 34.92 for Sirius XM Holdings Inc. [SIRI]. The present Moving Average for the last 50 days of trading for this stock 29.67, while it was recorded at 23.83 for the last single week of trading, and 36.96 for the last 200 days.

Sirius XM Holdings Inc. [SIRI]: Deeper insight into the fundamentals

Sirius XM Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.43.

Earnings analysis for Sirius XM Holdings Inc. [SIRI]

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 7.80%.

Insider trade positions for Sirius XM Holdings Inc. [SIRI]

There are presently around $9.51%, or 15.83%% of SIRI stock, in the hands of institutional investors. The top three institutional holders of SIRI stocks are: BERKSHIRE HATHAWAY INC with ownership of 132.88 million shares, which is approximately 3.4558%. VANGUARD GROUP INC, holding 31.0 million shares of the stock with an approximate value of $$87.72 million in SIRI stocks shares; and VANGUARD GROUP INC, currently with $$79.45 million in SIRI stock with ownership which is approximately 0.7301%.