Sirius XM (SIRI) has been beaten down lately with too much selling pressure. While the stock has lost 22.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that ...

NEW YORK, NEW YORK - SEPTEMBER 12: Grace Van Patten visits SiriusXM Studios on September 12, 2024 in ... [+] New York City. (Photo by Santiago Felipe/Getty Images)Getty ImagesSirius XM Holdings (NASDAQ: SIRI), a leading provider of satellite radio, conducted its 1-for-10 reverse-stock split on September 9. This means that shareholders of the stock received one share for every 10 shares they owned. Investors may view reverse stock splits negatively, as they often signal fewer shares and a short-term problem, ...

Sirius XM (SIRI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual ...

Sirius XM Holdings Inc. (NASDAQ:SIRI) Goldman Sachs Communacopia + Technology Conference September 11, 2024 5:25 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Stephen Laszczyk - Goldman Sachs Stephen Laszczyk All right. Great. Let's get started with our next session. Thank you, everyone, for taking the time to join us today. My name is Stephen Laszczyk, and I'm the lead entertainment analyst here at Goldman Sachs. We're excited to welcome to the Communicopia and Technology Conf ...

Industry/Company Overview * **Company**: Sirius XM Holdings Inc. (NASDAQ: SIRI) * **Industry**: Satellite radio and streaming audio services Key Points Transaction with Liberty Media * **Transaction**: SiriusXM completed the acquisition of the Liberty tracking stock group, making it a freely independent, publicly traded company. * **Impact**: * Simplified company structure and improved investor thesis. * Accelerated share repurchase, retiring 12% of shares and assuming $1.6 billion in debt. * Focus on investing in the business, maintaining the dividend, and deleveraging. Business Strategy * **Focus**: Delivering unique audio experiences, transforming the business for long-term success, and building on the strength of the core SiriusXM service. * **Key Areas of Investment**: * Strengthening presence in the car, including partnerships with OEMs, offering subscription bundles, and supporting pure-play EVs. * Enhancing 360L platform, focusing on personalized experiences, seamless integration with streaming products, and targeted advertising. * Expanding streaming-only offerings, targeting younger audiences, and improving engagement metrics. * Leveraging advertising assets, including Pandora, podcasting, and SXM Media, to grow the platform and increase revenue. Financial Outlook * **Revenue**: $8.75 billion in revenue, $2.7 billion in EBITDA, and $1 billion of free cash flow for 2024. * **Headwinds**: Economic uncertainty, shifting consumer behaviors, and increased competition. * **Cost Structure**: Focus on cost efficiency to balance short-term results with long-term investments. * **Capital Allocation**: Using cash flow to fund growth opportunities, maintain the dividend, deleverage, and be opportunistic about share repurchases. Other Important Points * **360L Penetration**: Approximately 40% of new car trial starts have 360L, with plans to reach above 50% next year and above 80% in the coming years. * **Streaming-Only Service**: Launched at $9.99, targeting broader audiences and reducing reliance on discounted promotional plans. * **Bundle Opportunities**: Exploring opportunities to bundle services with Pandora, leveraging music discovery and interactive music capabilities. * **Free Access Plan**: Testing and learning into the product, with plans to unlock ad opportunities as volumes increase. * **Content Strategy**: Focusing on human curation and bringing differentiated content to the market, including exclusive content with talent like Alex Cooper.

Sell on the news. Buy on the after-party.The biggest thing holding back one of this year's worst large-cap performers is now fading in the rearview mirror. Sirius XM Holdings (SIRI) has now completed its combination with media mogul John Malone's controlling stake in the satellite radio platform. The Liberty Sirius XM Group tracking shares that were a distraction and historically traded at a wide discount to the common shares were officially absorbed into the main company after Monday's market close.There w ...

Core Viewpoint - Sirius XM Holdings' stock has declined by 7.2% following the announcement of updated financial projections, raising concerns about its ability to generate promised cash flow [1][2]. Financial Projections - Sirius XM maintains its revenue guidance for fiscal 2024 at approximately $8.75 billion, unchanged from prior estimates [2]. - The adjusted EBITDA is projected to be about $2.7 billion, consistent with previous expectations [2]. - The company now expects to generate approximately $1 billion in free cash flow for the year, which is a reduction of $200 million from earlier guidance of $1.2 billion [3]. Market Reaction - The stock's decline is attributed to the lowered free cash flow expectations, despite other financial metrics remaining stable [2][3]. - With a market capitalization of just under $10 billion and a free cash flow of $1 billion, the stock is considered fairly valued, potentially presenting a buying opportunity for investors [4]. Investment Considerations - Management has committed to maintaining dividend payments at about 4.3% annually and plans to buy back $1.2 billion in stock, strengthening the investment case for Sirius XM [4].

With Simplified Capital Structure and a Clear Path Forward, North America's Leading Audio Entertainment Company is Well-Positioned to Continue its TransformationSiriusXM Updates Free Cash Flow Guidance to Reflect the Impact of the Closing of the Liberty Media TransactionCompany Confirms Quarterly Dividend and Announces $1.166 Billion Stock Repurchase AuthorizationNEW YORK, Sept. 10, 2024 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) today kicked off a new chapter as an independent public company wi ...

A total of 13 prominent businesses have announced or completed a stock split in 2024 -- but this is the only one conducting a reverse split.Since 2024 began, hype surrounding the artificial intelligence (AI) revolution has played a major role in lifting Wall Street's three major stock indexes to multiple record-closing highs. But AI isn't the only trend pushing the broader market higher. The euphoria surrounding stock splits has played an equally important role.A stock split allows publicly traded companies ...

The stock is down 63% from all-time highs.A curious stock purchase landed on the Berkshire Hathaway 13-F this quarter: Sirius XM (SIRI -6.19%). The team at Berkshire, led by Warren Buffett, increased its position by 262% in the quarter after the stock began to fall precipitously, with shares down around 50% year to date. Seeing as this was just a small position in the Berkshire portfolio, it is possible that Todd Combs or Ted Weschler, Buffett's lieutenants, bought the stock for Berkshire Hathaway.Either wa ...