Here’s how investors should make decisions about buying, holding or selling Sirius XM Holdings Inc. (NASDAQ:SIRI) stock. On Thursday, shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) closed higher after an active session. The shares accumulated 0.01 points or 0.17 percent at $6.07 with a light trade volume of 21.114 million shares. After opening the session at $6.06, the shares went as high as $6.1 and as low as $5.96, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $25.4 billion and now has 4.19 billion shares outstanding. Sirius XM Holdings Inc. (SIRI) stock has lost -2.1 percent of market value in 21 trading days.
SIRI stock has a trailing 3-year beta of 1.08, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.23 a share in the trailing twelve months. The stock’s value has surged 6.3 percent year to date (YTD) against a rise of 14.31 percent in 12 month’s time. The company’s shares still trade -21.17 percent away from its 1-year high of $7.70 and 13.46 percent up from 52-week low of $5.35. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Sirius XM Holdings Inc. (SIRI) will probably climb 14.17 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $8price as 12-month high target. This represents a whopping 31.8 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $7.13, which represents a return potential of 17.46 percent when compared to the closing price of the stock of $6.07 on Thursday, January 10. The lowest price target for the stock is $5 — slightly more than -17.63 percent from SIRI’s current share price.
History has shown that shares in Sirius XM Holdings Inc. have gone down on 18 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings.
Let’s take a look at some insider activity at Sirius XM Holdings Inc. (NASDAQ:SIRI) and see the pattern. The earliest insider trade took place on 07/26/2018. Cook Stephen parted with a total of 415.5 thousand shares of company at average share price of $7.2. The total for the sales was set at $2.99 million. After this transaction, the EVP, Sales and Automotive account balance stood at 1.15 million shares. The stock lost -15.69 percent since that insider sale. On 06/19/2018, Altman Dara F, EVP & Chief Admin. Officer, sold 387.7 thousand shares at a price per share of $7.49. This removed 2.9 million shares from the insider’s fortune and the stock saw a -18.96 percent retreat in value since the news became public. This transaction left 301.76 thousand shares in the EVP & Chief Admin. Officer account.
On 06/11/2018, Director Amble Joan Lordi performed a sale transaction worth $250.6 thousand. This sale at $7.25 each has eliminated 34.57 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -16.28 percent decrease since the transaction was reported. The insider now is left with 35.4 thousand shares remaining in the account. Meyer James E, who performs the CEO job, sold 1.21 million shares for $8.57 million. The disposal occurred on 06/01/2018 was priced at $7.09 per share. The share price plunged -14.39 percent since the reporting date. Meyer James E now left with a stake of 2.81 million SIRI stock worth $17.07 million after the insider selling.
The stock is currently hovering around the first support level of $5.99. Below this, the next support is placed in the zone of $5.9. Till the time, the SIRI stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 50.92 on daily chart, which may remain a cause for concern. If the price breaks below $5.9 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.13 mark may result into a pull-back move towards $6.18 level.
Shares of Sirius XM Holdings Inc. (SIRI) are trading at a P/E ratio of 34.18 times earnings reported for the past 12 months. The industry SIRI operates in has an average P/E of 24.34. Its P/E ratio went as low as 5.66X and as high as 59.07 over the 5-year span.Further, it is sporting a 4.47 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.36. 59.3 percent is the gross profit margin for Sirius XM Holdings Inc. and operating margin sits at 29.3 percent. Along with this, the net profit margin is 15.6 percent.