Alert: Negative Investment/Fundamental Signals (2/29/24)-Sirius XM Holdings Inc (NASDAQ: SIRI)

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Sirius XM Holdings Inc (NASDAQ: SIRI). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

Limited negative changes in Sirius XM Holdings Inc (NASDAQ: SIRI) fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

The stock is currently unrated.

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Current PriceTarget Research Rating

SIRI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.

Sirius XM Holdings is currently unrated.

Recent Price Action

On 2/29/24, Sirius XM Holdings Inc (NASDAQ: SIRI) stock declined slightly by -0.2%, closing at $4.42. Moreover, exceptionally high trading volume at 207% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.6% during the last week.

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