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Wednesday, February 1, 2023

Value Investing Philosophy And Sirius XM Holdings Inc. (NASDAQ: SIRI)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Sirius XM Holdings Inc. (SIRI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.015, or 0.26%, to $5.805. The Sirius XM Holdings Inc. has recorded 144,611 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SiriusXM to Report Fourth Quarter and Full Year 2022 Financial and Operating Results.

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Stocks Info

SIRI belongs to the Communication Services sector of the NASDAQ while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $5.79 and fluctuated between $5.84 as its day high and $5.78 as its day low. The current market capitalization of Sirius XM Holdings Inc. is $22.52B. A total of 12.44 million shares were traded on the day, compared to an average of 14.03M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SIRI has seen 20 BUY and 5 SELL insider trades, representing the acquisition of 206,632 and the disposition of 615,450 shares. Over the last 12 months, there were 103 BUYs and 31 SELLs from insiders. Insiders purchased 10,973,970 shares during that period but sold 11,203,767.

In the most recent transaction, Salen Kristina sold 44,670 shares of SIRI for 6.46 per share on Nov 23. After the transaction, the Director now owns 93,969 company shares. In a previous transaction on Nov 11, BARRY THOMAS D sold 33,639 shares at 6.38 per share. SIRI shares that Senior VP & Controller owns now total 351,369.

Among the insiders who sold shares, DONNELLY PATRICK L disposed of 408,274 shares on Aug 04 at a per-share price of $6.75. This resulted in the EVP, General Counsel & Sec. holding 791,342 shares of SIRI after the transaction. In another insider transaction, Greenstein Scott Andrew sold 1,081,370 shares at $6.58 per share on Jul 29. Company shares held by the Pres. & Chief Content Officer now total 7,198,469.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Sirius XM Holdings Inc. pays an annual dividend of $0.10, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 19.83. SIRI’s most recent ex-dividend date was 11/9/2022 when it declared a $0.0240 quarterly dividend that was paid in cash on 11/30/2022. Previously, the company paid the dividend on 8/31/2022 with an ex-dividend date of 8/4/2022. The SIRI stock dividend was $0.0220 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SIRI in the last 3 months, the mean price target is $6.66 with high estimates of $8.00 and low estimates of $5.00. In terms of 52-week highs and lows, SIRI has a high of $6.85 and a low of $5.69.

As of this writing, SIRI has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SIRI is Underweight with a score of 3.25. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 4 thought it should be Sold.

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