Is Sirius XM Holdings Inc (NASDAQ: SIRI) Still On The Rise?

After Hours

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. Yahoo Finance discussed the stock recently as it posted SiriusXM to Report Fourth Quarter and Full-Year 2023 Operating and Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $5.42 and fluctuated between $5.43 as its day high and $5.29 as its day low. The current market capitalization of Sirius XM Holdings Inc is $20.81B. A total of 14.08 million shares were traded on the day, compared to an average of 12.72M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SIRI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 79 BUYs and 16 SELLs from insiders. Insiders purchased 3,066,802 shares during that period but sold 747,863.

In the most recent transaction, Witz Jennifer C bought 250,000 shares of SIRI for 4.11 per share on Aug 28. After the transaction, the CEO now owns 2,812,000 company shares. In a previous transaction on Jun 09, Hickenlooper Robin S sold 11,000 shares at 3.81 per share. SIRI shares that Director owns now total 94,765.

Among the insiders who sold shares, Salen Kristina disposed of 14,207 shares on Jun 07 at a per-share price of $3.74. This resulted in the Director holding 129,053 shares of SIRI after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sirius XM Holdings Inc pays an annual dividend of $0.10, resulting in a dividend yield of 1.84%, and it has a price to earnings (P/E) ratio of 16.63. SIRI’s most recent ex-dividend date was 11/6/2023 when it declared a $0.0266 quarterly dividend that was paid in cash on 11/29/2023. Previously, the company paid the dividend on 8/30/2023 with an ex-dividend date of 8/7/2023. The SIRI stock dividend was $0.0242 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SIRI in the last 3 months, the mean price target is $5.06 with high estimates of $7.00 and low estimates of $3.50. In terms of 52-week highs and lows, SIRI has a high of $7.95 and a low of $3.32.

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 11 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.07. The company reported an EPS of $0.08 in the last quarter, which was 14.30% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SIRI’s latest balance sheet shows that the firm has $191.00M in Cash & Short Term Investments as of fiscal 2021. There were $9.24B in debt and $2.98B in liabilities at the time. Its Book Value Per Share was -$0.75, while its Total Shareholder’s Equity was -$2.62B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.80.

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