Sirius XM Holdings Inc (NASDAQ:SIRI) shares traded -6.56% lower at $4.56 on Wall Street last session.
In accordance with the data, 14 analysts cover Sirius XM Holdings Inc (NASDAQ:SIRI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.50, we find $4.80. Given the previous closing price of $4.88, this indicates a potential downside of -1.64 percent. SIRI stock price is now -0.55% away from the 50-day moving average and 6.63% away from the 200-day moving average. The market capitalization of the company currently stands at $17.51B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 6 analysts and a buy by 2. Brokers who have rated the stock have averaged $4.89 as their price target over the next twelve months.
With the price target enhanced from $4.50 to $5, Pivotal Research Group Upgraded its rating from Sell to Hold for Sirius XM Holdings Inc (NASDAQ: SIRI).
In other news, Witz Jennifer C, CEO bought 250,000 shares of the company’s stock on Aug 28. The stock was bought for $1,026,900 at an average price of $4.11. Upon completion of the transaction, the CEO now directly owns 2,812,000 shares in the company, valued at $12.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Hickenlooper Robin S sold 11,000 shares of the business’s stock. A total of $41,910 was realized by selling the stock at an average price of $3.81. This leaves the insider owning 94,765 shares of the company worth $0.43 million. Insiders disposed of 906,739 shares of company stock worth roughly $4.13 million over the past 1 year. A total of 83.77% of the company’s stock is owned by insiders.
Sirius XM Holdings Inc (NASDAQ: SIRI) opened at $4.8500 on Monday. During the past 12 months, Sirius XM Holdings Inc has had a low of $3.32 and a high of $7.95. According to the stock market information, the enterprise value for the company is $28.37B, which is based on a 13.99 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for SIRI is $4.5854 and a two-hundred day moving average price translates $4.2766 for the stock.
The latest earnings results from Sirius XM Holdings Inc (NASDAQ: SIRI) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.08 by 0.01. This compares to $0.06 EPS in the same period last year. The company reported revenue of $2.27 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.39 percent. For the current quarter, analysts expect SIRI to generate $2.3B in revenue.
