Sirius XM Holdings Inc (SIRI): Not A Time To Panic Nor Freeze

Sirius XM Holdings Inc (SIRI) concluded trading on Wednesday at a closing price of $25.21, with 3.8 million shares of worth about $95.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.96% during that period and on November 20, 2024 the price saw a gain of about 0.16%. Currently the company’s common shares owned by public are about 384.30M shares, out of which, 335.46M shares are available for trading.

Stock saw a price change of -4.87% in past 5 days and over the past one month there was a price change of -7.35%. Year-to-date (YTD), SIRI shares are showing a performance of -53.91% which decreased to -50.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.18 but also hit the highest price of $57.80 during that period. The average intraday trading volume for Sirius XM Holdings Inc shares is 6.04 million. The stock is currently trading -4.77% below its 20-day simple moving average (SMA20), while that difference is down -1.02% for SMA50 and it goes to -21.21% lower than SMA200.

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Sirius XM Holdings Inc (NASDAQ: SIRI) currently have 384.30M outstanding shares and institutions hold larger chunk of about 74.64% of that.

The stock has a current market capitalization of $8.55B and its 3Y-monthly beta is at 1.02. It has posted earnings per share of -$4.83 in the same period. It has Quick Ratio of 0.37 while making debt-to-equity ratio of 0.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SIRI, volatility over the week remained 3.97% while standing at 3.97% over the month.

Stock’s fiscal year EPS is expected to drop by -295.18% while it is estimated to increase by 150.89% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 4.66% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 24, 2024 offering an Underperform rating for the stock and assigned a target price of $23 to it. Coverage by JP Morgan stated Sirius XM Holdings Inc (SIRI) stock as an Underweight in their note to investors on October 09, 2024, suggesting a price target of $20 for the stock. On September 24, 2024, Morgan Stanley Resumed their recommendations, while on September 18, 2024, Guggenheim Upgrade their ratings for the stock with a price target of $30. Stock get a Sell rating from Citigroup on July 25, 2024.

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