Shares of Sirius XM (SIRI) have gained 1.7% over the past four weeks to close the last trading session at $24.93, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $31.38 indicates a potential upside of 25.9%.The average comprises 13 short-term price targets ranging from a low of $20 to a high of $49, with a standard deviation of $9.87. While the lowest estimate indicates a declin ...

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SIRI is sharply lower in 2024 but Warren Buffett keeps upping his stake, per SEC filingsSirius XM Holdings Inc (NASDAQ:SIRI) stock is up 6.4% to trade at $26.47 today, one of the better stocks on the Nasdaq today. In a SEC filing, Warren Buffett's Berkshire Hathaway (BRK) revealed an increased stake in the satellite broadcaster. Last week, Buffett purchased 3.6 million shares of SIRI, bringing Berkshire's total holdings to 108 million. Sirius XM needed it. The stock is down 51% in 2024 and fell to a 12-year ...

Group 1 - Sirius XM Holdings experienced a stock price movement reaching $23.01 with a percentage change of 1.23% following strategic decisions including a reverse stock split and spinoff from Liberty Media [1] - The company completed a 1-for-10 reverse stock split to boost share price and reduce outstanding shares by 12%, initially raising stock value but subsequently declining over four sessions due to mixed analyst outlooks and competition from streaming services like Spotify [1][2] - Sirius XM maintains a financial outlook with expected revenue of $8.75 billion and adjusted EBITDA of $2.7 billion for the year, while adjusting its free cash flow target from $1.2 billion to $1 billion [2] Group 2 - The company has a price-to-earnings (PE) ratio of 6.97, close to its 10-year low, with a GF Value estimated at $54.56 indicating potential undervaluation [2] - Sirius XM's Altman Z-Score of 1.31 suggests financial distress, but it has a high Piotroski F-Score of 8 indicating a robust financial situation [2] - The stock's dividend yield is nearing a 10-year high, providing an attractive income opportunity for dividend-seeking investors [3] Group 3 - Sirius XM has a market cap of $7.8 billion and an enterprise value of $17 billion, indicating significant size and scope within the media-entertainment sector [3] - The company’s strategic moves require careful scrutiny to assess their long-term impact on financial health and market position as it navigates a competitive landscape [3]

A reverse stock split couldn't save the satellite radio stock.Shares of Sirius XM Holdings (SIRI 1.58%) were heading lower last month as investors seemed to balk at its reverse split after it was spun off from Liberty Media.Some Wall Street analysts also weighed in with mixed commentary on the stock. According to data from S&P Global Market Intelligence, the stock finished September down 28%.As you can see from the chart, the stock fell sharply in the first half of the month as the broad market pulled back ...

The stock looks like a bargain and pays a nearly 5% dividend.Last month, Sirius XM (SIRI -1.94%) completed a series of complex spin-off and merger changes involving privately held Liberty Media. The result consolidates ownership under one ticker, allowing the new company to function independently. Additionally, Sirius XM conducted a 1-for-10 reverse stock split to lift a falling share price in hopes of shedding the stigma that comes when stocks spend years scraping along at low prices.The stock price initia ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...

Does Sirius XM's precipitous stock-price decline warrant a flyer?It's hard to believe, but fall has arrived. Before you know it, Thanksgiving and the year-end holidays will be upon us. Before the year-end craziness sets in and you busily prepare to celebrate with friends and family, it's a good time to think about your investments with an eye toward making decisions heading into next year -- always with a long-term investing framework in mind.Sirius XM Holdings' (SIRI 4.33%) is one company worth a closer lo ...

NEW YORK, Oct. 1, 2024 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced plans to release its third quarter 2024 operating and financial results on Thursday, October 31. The company will hold an investor call the same day at 8:00 a.m. ET.A webcast of the presentation will be available on the Investor Relations section of the SiriusXM website at siriusxm.com/investorrelations. To participate by telephone, please dial 877-407-4019 (Tollfree) or +1 201.689.8337 (Local) 10 minutes prior to the start of th ...

SiriusXM (SIRI) finds itself at a critical juncture in 2024. The satellite radio giant has experienced a dramatic 56.8% decline in its stock price year to date, underperforming the broader Zacks Consumer Discretionary sector’s return of 4.9% and raising questions about its future prospects and whether this presents a prime buying opportunity for astute investors.SiriusXM's recent stock decline due to market volatility, interest rate concerns and digital media disruption arguably offers an attractive entry p ...