In yesterday’s Wall Street session, Sirius XM Holdings Inc (NASDAQ:SIRI) shares traded at $3.38, down -3.15% from the previous session.
SIRI stock price is now -23.94% away from the 50-day moving average and -27.78% away from the 200-day moving average. The market capitalization of the company currently stands at $12.99B.
With the price target of $4, Guggenheim recently initiated with Neutral rating for Sirius XM Holdings Inc (NASDAQ: SIRI). On January 23, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $5 to quote $4.50, while ‘Pivotal Research Group’ rates the stock as ‘Hold’
In other news, Inzerillo Joseph A, Chief Product & Tech. Officer sold 107,611 shares of the company’s stock on Feb 13 ’24. The stock was sold for $527,294 at an average price of $4.90. Upon completion of the transaction, the Chief Product & Tech. Officer now directly owns 746,816 shares in the company, valued at $2.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director MEYER JAMES E sold 800,000 shares of the business’s stock. A total of $3,935,920 was realized by selling the stock at an average price of $4.92. This leaves the insider owning 1,091,472 shares of the company worth $3.69 million. A total of 83.76% of the company’s stock is owned by insiders.
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 $22.29B, which is based on a 10.41 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for SIRI is $4.4038 and a two-hundred day moving average price translates $4.6790 for the stock.
The latest earnings results from Sirius XM Holdings Inc (NASDAQ: SIRI) was released for Dec, 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 $0.09 EPS in the same period last year. The company reported revenue of $2.29 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.18 percent. For the current quarter, analysts expect SIRI to generate $2.13B in revenue.
