Sirius XM Holdings Inc (SIRI) volume exceeds 8.64 million: A new investment opportunity for investors

A new trading day began on Monday, with Sirius XM Holdings Inc (NASDAQ: SIRI) stock price up 2.65% from the previous day of trading, before settling in for the closing price of $4.90. SIRI’s price has ranged from $3.32 to $7.95 over the past 52 weeks.

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A company in the Communication Services sector has jumped its sales by 9.87% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -7.05%. With a float of $619.99 million, this company’s outstanding shares have now reached $3.84 billion.

In an organization with Feb 08 2024 employees, it is important to assess its efficiency.

Sirius XM Holdings Inc (SIRI) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Sirius XM Holdings Inc is 83.86%, while institutional ownership is 10.34%. The most recent insider transaction that took place on Feb 09, was worth 3,935,920. In this transaction Director of this company sold 800,000 shares at a rate of $4.92, taking the stock ownership to the 1,091,472 shares. Before that another transaction happened on Aug 28, when Company’s CEO bought 250,000 for $4.11, making the entire transaction worth $1,026,900. This insider now owns 2,812,000 shares in total.

Sirius XM Holdings Inc (SIRI) Performance Highlights and Predictions

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -7.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 4.66% growth over the previous five years of trading.

Sirius XM Holdings Inc (NASDAQ: SIRI) Trading Performance Indicators

Here are Sirius XM Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.16. Likewise, its price to free cash flow for the trailing twelve months is 16.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.32, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.32 in one year’s time.

Technical Analysis of Sirius XM Holdings Inc (SIRI)

Let’s dig in a bit further. During the last 5-days, its volume was 10.85 million. That was inferior than the volume of 12.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.23%. Additionally, its Average True Range was 0.17.

During the past 100 days, Sirius XM Holdings Inc’s (SIRI) raw stochastic average was set at 67.39%, which indicates a significant increase from 22.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.64% in the past 14 days, which was lower than the 48.66% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.22, while its 200-day Moving Average is $4.58. However, in the short run, Sirius XM Holdings Inc’s stock first resistance to watch stands at $5.09. Second resistance stands at $5.15. The third major resistance level sits at $5.26. If the price goes on to break the first support level at $4.93, it is likely to go to the next support level at $4.82. Assuming the price breaks the second support level, the third support level stands at $4.76.

Sirius XM Holdings Inc (NASDAQ: SIRI) Key Stats

With a market capitalization of 19.33 billion, the company has a total of 3,842,462K Shares Outstanding. Currently, annual sales are 9,003 M while annual income is 1,213 M. The company’s previous quarter sales were 2,271 M while its latest quarter income was 363,000 K.