SIRI Stock Summary and Trading Ideas (Sirius Xm Holdings | NASDAQ:SIRI)

Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.

Sirius Xm Holdings trades on the NASDAQ stock market under the symbol SIRI.

As of December 12, 2024, SIRI stock price declined to $25.00 with 2,726,060 million shares trading.

SIRI has a beta of 6.64, meaning it tends to be more sensitive to market movements. SIRI has a correlation of 0.13 to the broad based SPY ETF.

SIRI has a market cap of $8.48 billion. This is considered a Mid Cap stock.

Last quarter Sirius Xm Holdings reported $2 billion in Revenue and $1.17 earnings per share. This fell short of revenue expectation by $-19 million and exceeded earnings estimates by $.40.

In the last 3 years, SIRI traded as high as $29.18 and as low as $2.45.

The top ETF exchange traded funds that SIRI belongs to (by Net Assets): VTI, VB, VBR, VXF, VYM.

SIRI has outperformed the market in the last year with a return of +405.0%, while the SPY ETF gained +32.5%. However, in the most recent history, SIRI shares have underperformed the stock market with its stock returning -10.7% in the last 3 month period and -6.1% for the last 2 week period, while SPY has returned +9.5% and +1.1%, respectively.

SIRI support price is $24.76 and resistance is $26.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SIRI shares will trade within this expected range on the day.