Alert: Positive Investment/Fundamental Signals (11/6/23)-Sirius XM Holdings Inc (NASDAQ: SIRI)

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Extremely important positive changes in investment behavior have recently occurred for Sirius XM Holdings Inc (NASDAQ: SIRI): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Sirius XM Holdings Inc (NASDAQ: SIRI). Notable positive changes in fundamentals have recently occurred. Positive developments: the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

The stock is currently unrated.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, SIRI is expected to be an important Value Eraser.

Sirius XM Holdings is currently unrated.

Recent Price Action

On 11/6/23, Sirius XM Holdings Inc (NASDAQ: SIRI) stock suffered a large decline of -4.8%, closing at $4.71. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.3% during the last week.

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