Sirius XM Holdings Inc. (SIRI) Stock: Here’s Why It’s Headed Down

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Sirius XM Holdings Inc. (SIRI) is working its way for to the bottom in the market today. The stock, one that is focused in the service industry, is presently priced at $5.76 after a move down of -3.68% so far in today’s session. As it relates to service sector companies, there are a number of aspects that have the ability to lead to price movement in the market. One of the most common is news. Here are the most recent stories relating to SIRI:

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Mar-20-19 02:23PM 10 Companies With New or Improved Stock Buybacks in 2019
09:00AM Pandora Springs Forward with New Sound On Brand Campaign
Mar-19-19 02:40PM SiriusXM to Broadcast Live from ULTRA Music Festival in Miami
12:30PM The 2019 Major League Baseball Season Airs on SiriusXM
Mar-18-19 11:00AM March Madness® on SiriusXM: Listeners Get Every 2019 NCAA® Division I Men’s Basketball Championship Game

Nonetheless, any time investors are making an investing decision, prospective investors should look at far more than news, especially in the ever incredibly complex service sector. Here’s what’s happening in regard to Sirius XM Holdings Inc..

The Performance That We’ve Seen From SIRI

Although a decline in a single session, like the move that we’re seeing from Sirius XM Holdings Inc. may cause fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally important to take a look at trends beyond a single trading session. In the case of SIRI, here are the trends that investors have seen:

  • Past Seven Days – Over the past week, SIRI has generated a change in price that amounts to -6.65%.
  • Past 30 Days – The monthly ROI from Sirius XM Holdings Inc. works out to -5.26%.
  • Past 3 Months – Throughout the last 3 months, the company has generated a return of -4.32%
  • Past Six Months – Throughout the last 6 months, investors have seen a change that equates to -17.71% from the company.
  • Year To Date – Since the the last trading session of last year SIRI has resulted in a return on investment of 0.88%.
  • Full Year – Lastly, throughout the last full year, we have seen a change that comes to -9.58% out of SIRI. Throughout this period of time, the stock has sold at a high of -25.19% and a low of 5.11%.

Ratios Worth Watching

Looking at a few ratios associated with a company can give traders a look of just how risky and/or potentially profitable a an investment option might be. Here are some of the important ratios to think about when digging into SIRI.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors are expecting that the price of the stock is going to go down. Across the sector, strong service sector stocks can come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Sirius XM Holdings Inc., it’s short ratio amounts to 6.68.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure the company’s abilities to cover its debts when they come due using quick assets or current assets. come with strong quick and current ratios. As it relates to SIRI, the quick and current ratios total up to 0.20 and 0.20 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the price of shares. In the case of Sirius XM Holdings Inc., that ratio comes in at -0.41.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value comes to 0.01.

What Are Big Money Players Doing With Sirius XM Holdings Inc.

One thing I have come to understand in my short period here has been that smart investors tend to follow the moves made by big money investors. That is to say, investors that are trying to keep the risk down will follow investments made by institutions as well as those on the inside. So, what does the big money picture look like as it relates to SIRI? Here’s the data:

Institutions own 17.90% of the company. Institutional interest has moved by -2.49% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of SIRI shares. Institutions have seen ownership changes of an accumulative -7.43% over the last three months.

Analyst Opinions Of Sirius XM Holdings Inc.

Although it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own due diligence when it comes to making investment decisions in the service industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to SIRI.

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Mar-15-19 Resumed Morgan Stanley Equal-Weight $6.50
Jan-28-19 Upgrade Buckingham Research Neutral → Buy
Jan-02-19 Upgrade JP Morgan Underweight → Overweight $7
Sep-25-18 Downgrade Credit Suisse Outperform → Neutral
Jul-11-18 Initiated Credit Suisse Outperform

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.27. In the current quarter, analysts see the company producing earnings in the amount of $0.05. Over the last 5 years, SIRI has generated revenue in the amount of $8.70% with earnings coming in at 34.30%. On a quarter over quarter basis, earnings have seen movement of 73.30% and revenue has seen movement of 6.60%.

A Look At Share Counts

Investors seem to be interested in the amounts of shares both outstanding and available. As far as Sirius XM Holdings Inc., there are currently 4.32B with a float of 1.14B. These data mean that out of the total of 4.32B shares of SIRI in existence today, 1.14B are available to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SIRI, the short percent of the float is 15.74%.

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