Sirius XM Holdings Inc. (NASDAQ:SIRI) shares traded -3.96% lower at $24.51 on Wall Street last session.
SIRI stock price is now -25.17% away from the 50-day moving average and -36.37% away from the 200-day moving average. The market capitalization of the company currently stands at $8.31B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $2.80, Citigroup recently Downgraded its rating from Neutral to Sell for Sirius XM Holdings Inc. (NASDAQ: SIRI). On June 24, 2024, Evercore ISI Upgraded its previous ‘Underperform’ rating to ‘In-line’ on the stock reducing its target price from $4.25 to quote $3.25, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Greenstein Scott Andrew, Pres. & Chief Content Officer sold 1,447,238 shares of the company’s stock on Aug 08 ’24. The stock was sold for $4,578,482 at an average price of $3.16. Upon completion of the transaction, the Pres. & Chief Content Officer now directly owns 989,331 shares in the company, valued at $24.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, Director Salen Kristina sold 12,518 shares of the business’s stock. A total of $32,547 was realized by selling the stock at an average price of $2.60. This leaves the insider owning 169,309 shares of the company worth $4.15 million. A total of 81.42% of the company’s stock is owned by insiders.
During the past 12 months, Sirius XM Holdings Inc. has had a low of $24.43 and a high of $57.80. According to the stock market information, the enterprise value for the company is $18727239680, which is based on a 7.30 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for SIRI is $32.5424 and a two-hundred day moving average price translates $38.4031 for the stock.
The latest earnings results from Sirius XM Holdings Inc. (NASDAQ: SIRI) was released for 2024-06-30. The company reported revenue of $2.18 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.2 percent.
