In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Sirius XM Holdings Inc (NASDAQ: SIRI) closed at $3.10 in the last session, down -1.59% from day before closing price of $3.15. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 14.16 million shares were traded. SIRI stock price reached its highest trading level at $3.19 during the session, while it also had its lowest trading level at $3.08.
Ratios:
We take a closer look at SIRI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 55.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on March 14, 2024, initiated with a Neutral rating and assigned the stock a target price of $4.
On January 23, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $5 to $4.50.
Pivotal Research Group Upgraded its Sell to Hold on August 02, 2023, whereas the target price for the stock was revised from $4.50 to $5.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 13 ’24 when Inzerillo Joseph A sold 107,611 shares for $4.90 per share. The transaction valued at 527,294 led to the insider holds 746,816 shares of the business.
MEYER JAMES E sold 800,000 shares of SIRI for $3,935,920 on Feb 09 ’24. The Director now owns 1,091,472 shares after completing the transaction at $4.92 per share. On Aug 28 ’23, another insider, Witz Jennifer C, who serves as the CEO of the company, bought 250,000 shares for $4.11 each. As a result, the insider paid 1,026,900 and bolstered with 2,812,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SIRI now has a Market Capitalization of 11924118528 and an Enterprise Value of 21228632064. As of this moment, Sirius’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.55, and their Forward P/E ratio for the next fiscal year is 9.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33. Its current Enterprise Value per Revenue stands at 2.371 whereas that against EBITDA is 8.222.
Stock Price History:
The Beta on a monthly basis for SIRI is 1.08, which has changed by -0.18421054 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, SIRI has reached a high of $7.95, while it has fallen to a 52-week low of $3.11. The 50-Day Moving Average of the stock is -25.71%, while the 200-Day Moving Average is calculated to be -33.43%.
Shares Statistics:
According to the various share statistics, SIRI traded on average about 15.43M shares per day over the past 3-months and 20289500 shares per day over the past 10 days. A total of 3.84B shares are outstanding, with a floating share count of 624.52M. Insiders hold about 83.76% of the company’s shares, while institutions hold 10.92% stake in the company. Shares short for SIRI as of 1711584000 were 138682021 with a Short Ratio of 8.99, compared to 1709164800 on 151695110. Therefore, it implies a Short% of Shares Outstanding of 138682021 and a Short% of Float of 22.12.
Dividends & Splits
The forward annual dividend rate for SIRI is 0.10, which was 0.099 in the trailing 12 months. The stock’s 5-year Average Dividend Yield is 1.28.
