Credit Suisse lowered the price target for the Sirius XM Holdings Inc. (NASDAQ:SIRI) stock from “an Outperform” to “a Neutral”. The rating was released on January 28, 2021. We previously noted in another research note published on October 27, 2020 by RBC Capital Mkts that upgraded the stock from a Sector perform to an Outperform with a price target of $7 for SIRI stock. The research report from The Benchmark Company has reiterated the stock to Buy, with a price target set at $8. The stock was reiterated by Pivotal Research Group, who disclosed in a research note on October 22, 2020, to Buy and set the price objective to $8. In their research brief published October 07, 2020, Credit Suisse analysts upgraded the Sirius XM Holdings Inc. stock from Neutral to Outperform with a price target of $7.50.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Sirius XM Holdings Inc. (NASDAQ:SIRI) raised 0.46% to close Wednesday’s market session at $6.57, higher as compared to yesterday’s close. The stock price fluctuated between $6.53 and $6.63 throughout the trading session with the volume trading being 10076770 shares, which represented a significant variation when compared to the three months average volume of 20.69 million shares. The firm’s stock price fluctuated 0.31% within the last five trades and -0.45% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.29% in the last 6 months and 3.79% was added to its value over the previous 3 months. SIRI stock is trading at a margin of 0.11%, 4.63% and 7.17% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SIRI deals in the Communication Services domain. The stock is trading -19.29 percent below its 52-week high and 32.73 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 16.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Sirius XM Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 7.40 percent and the profit margin is 0.70 percent, and the company has reported a gross margin of 55.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $26.63 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Sirius XM Holdings Inc. (NASDAQ:SIRI) is 730.00. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 20.99. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.27 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Sirius XM Holdings Inc. shares are owned by insiders, and 14.50 percent are held by financial institutions. MEYER JAMES E, the Director at Sirius XM Holdings Inc. (SIRI) has sold 585,677 shares of firm on Jun 09 at a price of $7.11 against the total amount of $4.16 million. In another inside trade, HOLDEN JAMES P, Director of Sirius XM Holdings Inc. (NASDAQ:SIRI) sold 28,919 shares of the firm on Mar 16 for a total worth of $0.18 million at a price of $6.39. An inside trade which took place on Feb 12, Director of Sirius XM Holdings Inc. HARTENSTEIN EDDY W sold 37,563 shares of firm against total price of $0.23 million at the cost of $6.10 per share.