Sirius XM Holdings Inc. (SIRI) shares are trading at lower $6.43 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $7.12.
To add more color to this target, the company’s high over the last year is $7.40 and the low is $4.11. Over the last 52 weeks, SIRI is down -5.16% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SIRI reported a profit of $1.13 billion. Sirius XM Holdings Inc. also saw revenues increase to $2.02 billion. In addition, SIRI has free cash flow of $1.22 billion as of 09-2020. The company’s EBITDA came in at $644.0 million which compares well with its peers.
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SIRI booked profit margins of 13.30%, its Return on Equity (ROE) is -137.30%, and its Return on Assets is 9.30%. All told, it is clear that, SIRI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SIRI has a short ratio of 6.52 and outstanding shares of 4.33B.
SIRI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21.28 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.24. Sirius XM Holdings Inc. SIRI also noted assets of $10.7 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SIRI has historically followed its peers on positive news.
All told, Sirius XM Holdings Inc. SIRI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SIRI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Sirius XM Holdings Inc. SIRI is now commanding a market cap of 26.99B and a float of 1.04B. SIRI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SIRI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SIRI, either long or short, and we have not been compensated for this article.