Investor Insight: Sirius XM Holdings Inc. (SIRI) Goes Ballistic – Investor Confidence on the Rise

The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) last traded at $27.21, up 0.11% from the previous session.

SIRI stock price is now 0.38% away from the 50-day moving average and -21.74% away from the 200-day moving average. The market capitalization of the company currently stands at $9.23B.

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

, while ‘Guggenheim’ rates the stock as ‘Buy’

In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 1,040,000 shares of the company’s stock on Oct 17 ’24. The stock was bought for $28,094,248 at an average price of $27.01. Upon completion of the transaction, the 10% Owner now directly owns 110,101,221 shares in the company, valued at $3.0 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 342,133 shares of the business’s stock. A total of $9,233,143 was incurred on buying the stock at an average price of $26.99. This leaves the insider owning 109,061,221 shares of the company worth $2.97 billion. A total of 1.10% of the company’s stock is owned by insiders.

During the past 12 months, Sirius XM Holdings Inc. has had a low of $22.18 and a high of $57.80. According to the stock market information, the enterprise value for the company is $19755286528, which is based on a 8.11 price-to-earnings ratio, a 0.73 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for SIRI is $27.1608 and a two-hundred day moving average price translates $34.9052 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.

Related Posts