SIRI Stock Movement: Impact of Reverse Split and Liberty Media Spinoff

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]