Sirius XM Holdings Inc. (NASDAQ:SIRI) previous close was $5.20 while the outstanding shares total 4.41B. The firm has a beta of 1.24, a 12-month trailing P/E ratio of 22.69, and a growth ratio of 1.86. SIRI’s shares traded higher over the last trading session, gaining 0.96% on 05/21/20. The shares fell to a low of $5.06 before closing at $5.24. Intraday shares traded counted 8.22 million, which was 75.78% higher than its 30-day average trading volume of 33.95M. The stock’s Relative Strength Index (RSI) is 45.36, with weekly volatility at 3.81% and ATR at 0.24. The SIRI stock’s 52-week price range has touched low of $4.11 and a $7.40 high.
Investors have identified the Broadcasting company Sirius XM Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $22.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sirius XM Holdings Inc. (SIRI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SIRI, the company has in raw cash 40.0 million on their books with 49.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 883000000 million total, with 3102000000 million as their total liabilities.
SIRI were able to record 354.0 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -68.0 million. In cash movements, the company had a total of 416.0 million as operating cash flow.
Potential earnings growth for Sirius XM Holdings Inc. (SIRI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Sirius XM Holdings Inc. recorded a total of 1.95 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 10.66% coming in sequential stages and their sales for the third quarter reducing by -5.64%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 850.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.1 billion. This allows shareholders to hold on to 4.41B with the revenue now reading 0.07 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.05 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.20 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SIRI sounds very interesting.
Is the stock of SIRI attractive?
In related news, Director, MAFFEI GREGORY B sold 84,750 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 5.60, for a total value of 474,261. As the sale deal closes, the Director, HARTENSTEIN EDDY W now sold 88,609 shares of the company’s stock, valued at 639,757. Also, Director, HOLDEN JAMES P sold 44,313 shares of the company’s stock in a deal that was recorded on Feb 05. The shares were price at an average price of 7.21 per share, with a total market value of 319,497. Following this completion of acquisition, the Senior VP & Controller, BARRY THOMAS D now holds 261,159 shares of the company’s stock, valued at 1,885,568. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
11 out of 18 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Sirius XM Holdings Inc.. 2 analysts has assigned a Sell rating on the SIRI stock. The 12-month mean consensus price target for the company’s shares has been set at $6.39.