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Sirius XM (SIRI) Stock Price, News & Analysis

$2.73
-0.18 (-6.19%)
(As of 09/6/2024 ET)
Today's Range
$2.71
$2.90
50-Day Range
$2.73
$3.99
52-Week Range
$2.45
$5.78
Volume
29.45 million shs
Average Volume
25.06 million shs
Market Capitalization
$10.50 billion
P/E Ratio
8.27
Dividend Yield
3.66%
Price Target
$3.80

Sirius XM MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
39.0% Upside
$3.80 Price Target
Short Interest
Healthy
20.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.28mentions of Sirius XM in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$4.61 M Sold Last Quarter
Proj. Earnings Growth
6.45%
From $0.31 to $0.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Consumer Discretionary Sector

14th out of 269 stocks

Radio Broadcasting Stations Industry

1st out of 9 stocks

SIRI stock logo

About Sirius XM Stock (NASDAQ:SIRI)

Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment. This segment also distributes satellite radios through automakers and retailers, as well as its website; podcasts, including true crime, news, politics, music, comedy, sports, and entertainment; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services. In addition, this segment provides music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; and music programming and commercial-free music services for office, restaurants, and other business. Its Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. operates as a subsidiary of The Liberty SiriusXM Group.

SIRI Stock Price History

SIRI Stock News Headlines

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Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 8/26 Dividend
8/09/2024
Dividend Payable
8/26/2024
Today
9/07/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:SIRI
CUSIP
82967N10
Employees
5,680
Year Founded
1990

Price Target and Rating

Average Stock Price Target
$3.80
High Stock Price Target
$6.50
Low Stock Price Target
$2.50
Potential Upside/Downside
+39.0%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.26 billion
Pretax Margin
17.85%

Debt

Sales & Book Value

Annual Sales
$8.90 billion
Cash Flow
$0.40 per share
Book Value
($0.55) per share

Miscellaneous

Outstanding Shares
3,846,632,000
Free Float
3,816,244,000
Market Cap
$10.50 billion
Optionable
Optionable
Beta
1.08

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Should I Buy Sirius XM Stock? SIRI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sirius XM Holdings Inc.:

  • Strong Quarterly Earnings: Sirius XM reported earnings per share of $0.07 for the last quarter, surpassing the consensus estimate of $0.06. This indicates a positive financial performance.
  • Dividend Payment: The company recently announced a quarterly dividend of $0.0266 per share, providing investors with a steady income stream.
  • Institutional Investments: Several institutional investors have been increasing their stakes in Sirius XM, signaling confidence in the company's future prospects.
  • Market Capitalization: With a market capitalization of $11.69 billion, Sirius XM is a significant player in the audio entertainment industry, offering stability and potential growth.
  • Insider Activity: While insiders have been selling shares, it can also indicate profit-taking and does not necessarily reflect negatively on the company's outlook.

Cons

Investors should be bearish about investing in Sirius XM Holdings Inc. for these reasons:

  • Negative Return on Equity: Sirius XM has a negative return on equity of 47.17%, which may raise concerns about the company's profitability and efficiency in generating returns for shareholders.
  • Insider Selling: Significant insider selling activity, such as Director Kristina Salen and insider Scott Andrew Greenstein selling shares, could be perceived as a lack of confidence in the company's future performance.
  • PE Ratio: The company's PE ratio of 9.21 may indicate that the stock is currently overvalued compared to its earnings, potentially limiting upside potential.
  • PEG Ratio: With a PEG ratio of 1.06, investors may consider the stock to be fairly valued, lacking a significant growth potential relative to its current price.
  • Beta: Sirius XM's beta of 1.08 suggests that the stock is slightly more volatile than the market, which could lead to higher fluctuations in its price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, August 21, 2024. Please send any questions or comments about these Sirius XM pros and cons to contact@marketbeat.com.

SIRI Stock Analysis - Frequently Asked Questions

How have SIRI shares performed this year?

Sirius XM's stock was trading at $5.47 at the start of the year. Since then, SIRI stock has decreased by 50.1% and is now trading at $2.73.
View the best growth stocks for 2024 here
.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc. (NASDAQ:SIRI) issued its quarterly earnings results on Thursday, August, 1st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The business earned $2.18 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sirius XM had a net margin of 14.56% and a negative trailing twelve-month return on equity of 52.15%.

What is James E. Meyer's approval rating as Sirius XM's CEO?

139 employees have rated Sirius XM Chief Executive Officer James E. Meyer on Glassdoor.com. James E. Meyer has an approval rating of 65% among the company's employees.

Does Sirius XM have any subsidiaries?

Sirius XM subsidiaries include these companies: Stitcher, Simplecast, Pandora, Automatic Labs, Agero, AdsWizz Inc., Satellite CD Radio LLC, and more.

Who are Sirius XM's major shareholders?

Sirius XM's top institutional investors include Susquehanna International Group LLP, Point72 Asset Management L.P. (0.12%), Dimensional Fund Advisors LP (0.11%) and AQR Capital Management LLC (0.10%). Insiders that own company stock include Jennifer C Witz, Thomas D Barry, James E Meyer, Scott Andrew Greenstein, Patrick L Donnelly, Joseph A Inzerillo, Kristina Salen, James P Holden and Eddy W Hartenstein.
View institutional ownership trends
.

How do I buy shares of Sirius XM?

Shares of SIRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sirius XM own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sirius XM investors own include Bank of America (BAC), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Electric (GE), Intel (INTC) and NVIDIA (NVDA).

This page (NASDAQ:SIRI) was last updated on 9/7/2024 by MarketBeat.com Staff

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