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.
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
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.
