JP Morgan has recently resumed Sirius XM Holdings Inc (SIRI) stock to Underweight rating, as announced on October 9, 2024, according to Finviz. Earlier, on September 24, 2024, Morgan Stanley had resumed the stock to Underweight, setting a price target of $23. Guggenheim also raised Buy rating with a price target of $30. Additionally, Citigroup reduced Sell rating on July 25, 2024, with a target price of $2.80. Evercore ISI analysts, in their report published on June 24, 2024, also raised rating and set a price target of $4.25 for Sirius XM Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sirius XM Holdings Inc (SIRI) Stock Trading Recap
On Friday, Sirius XM Holdings Inc (SIRI) stock saw a modest uptick, ending the day at $27.61 which represents a slight increase of $0.51 or 1.88% from the prior close of $27.1. The stock opened at $27.34 and touched a low of $27.13 during the day, reaching a high of $27.95. The volume of shares traded was 5.96 million exceeding the average volume of 4.73 million.
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SIRI Stock Performance and Moving Averages
In recent trading, Sirius XM Holdings Inc (SIRI) stock price has shown some volatility, fluctuating 10.75% over the last five trades and 14.95% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -10.65%, and it has plunged by -20.89% in the previous three months. Currently, SIRI is trading at 11.85%, 1.34%, and -21.20% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SIRI, a Communication Services sector stock, is trading -52.23% below its 52-week high but remains 24.48% above its 52-week low. The Average True Range (ATR) (14 days) of 1.26 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Sirius XM Holdings Inc’s Profitability and Valuation Ratios
Sirius XM Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 23.31% and a profit margin of 14.56%, with a gross margin of -10.65%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Sirius XM Holdings Inc’s market capitalization stands at $9.36 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 8.23, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.51. Additionally, the Price-to-Sales Ratio is 1.05, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.10% of Sirius XM Holdings Inc (SIRI)’s shares, while financial institutions hold 12.70%.
Notable insider trades include Greenstein Scott Andrew, Pres. & Chief Content Officer at Sirius XM Holdings Inc (SIRI), who sold 1447238 shares on Aug 08 ’24, at $3.16 each, totaling $4.58 million. On Feb 13 ’24, Inzerillo Joseph A, Chief Product & Tech. Officer, sold 107611 shares for $4.9 each, amounting to $0.53 million. Additionally, on Feb 09 ’24, MEYER JAMES E sold 800000 shares at $4.92 each, generating $3.94 million.