Sirius XM Holdings Inc. (NASDAQ: SIRI) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 384.30M common shares owned by the public and among those 335.39M shares have been available to trade.

The company’s stock has a 5-day price change of 1.04% and -28.47% over the past three months. SIRI shares are trading -50.31% year to date (YTD), with the 12-month market performance down to -40.39% lower. It has a 12-month low price of $22.18 and touched a high of $57.80 over the same period. SIRI has an average intraday trading volume of 4.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.76%, 0.07%, and -22.13% respectively.

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Institutional ownership of Sirius XM Holdings Inc. (NASDAQ: SIRI) shares accounts for 12.98% of the company’s 384.30M shares outstanding.

It has a market capitalization of $9.22B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 8.10, while the earnings-per-share (ttm) stands at $3.36. The company has a PEG of 0.73 and a Quick Ratio of 0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.71% over the week and 4.17% over the month.

Earnings per share for the fiscal year are expected to decrease by -2.94%, and 4.41% over the next financial year. EPS should grow at an annualized rate of 11.15% over the next five years, compared to 4.66% over the past 5-year period.

Looking at the support for the SIRI, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on October 09, 2024, with the firm’s price target at $20. Morgan Stanley coverage for the Sirius XM Holdings Inc. (SIRI) stock in a research note released on September 24, 2024 offered a Underweight rating with a price target of $23. Guggenheim was of a view on September 18, 2024 that the stock is Buy, while Citigroup gave the stock Sell rating on July 25, 2024, issuing a price target of $2.80. Evercore ISI on their part issued In-line rating on June 24, 2024.

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