In yesterday’s Wall Street session, Sirius XM Holdings Inc (NASDAQ:SIRI) shares traded at $3.49, up 2.50% from the previous session.
SIRI stock price is now 16.50% away from the 50-day moving average and -15.47% away from the 200-day moving average. The market capitalization of the company currently stands at $13.42B.
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With the price target reduced from $4.25 to $3.25, Evercore ISI Upgraded its rating from Underperform to In-line for Sirius XM Holdings Inc (NASDAQ: SIRI). On May 01, 2024, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock reducing its target price from $3.50 to quote $3.25, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, Salen Kristina, Director sold 12,518 shares of the company’s stock on Jun 12 ’24. The stock was sold for $32,547 at an average price of $2.60. Upon completion of the transaction, the Director now directly owns 169,309 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director Salen Kristina sold 12,518 shares of the business’s stock. A total of $32,797 was realized by selling the stock at an average price of $2.62. This leaves the insider owning 181,827 shares of the company worth $0.63 million. A total of 83.67% of the company’s stock is owned by insiders.
During the past 12 months, Sirius XM Holdings Inc has had a low of $2.45 and a high of $7.95. According to the stock market information, the enterprise value for the company is $22930745344, which is based on a 10.46 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for SIRI is $3.004 and a two-hundred day moving average price translates $4.12485 for the stock.
The latest earnings results from Sirius XM Holdings Inc (NASDAQ: SIRI) was released for 2024-03-31. The company reported revenue of $2.16 billion for the quarter, compared to $2.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.84 percent.
