Down 10% Since 2023, Will Sirius Stock Recoup These Losses After Q4 Results? (2024)

FAQs

Down 10% Since 2023, Will Sirius Stock Recoup These Losses After Q4 Results? ›

We expect Sirius XM stock to likely trade lower with revenues missing but earnings matching market expectations in the fourth quarter results. Sirius stock has been negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry since the beginning of 2023.

Key Points. Sirius XM posted a decline in revenue last year, with management expecting the same in 2024. The company faces intense competition from deep-pocketed rivals. Shares are cheap, but there's no reason to believe they can produce strong returns in the future.

SIRI Stock 12 Months Forecast

Based on 9 Wall Street analysts offering 12 month price targets for Sirius XM Holdings in the last 3 months. The average price target is $4.74 with a high forecast of $6.50 and a low forecast of $3.50. The average price target represents a 22.16% change from the last price of $3.88.

The transaction reflects Buffett's confidence in the company's long-term value and aligns with his investment philosophy. With solid financial metrics and a positive market outlook, Liberty SiriusXM Group stands as a potentially lucrative investment for value investors following Buffett's lead.

For all of 2023, SiriusXM lost 430,000 customers, driven by a drop of 445,000 among self-pay subscribers, while paid promotional users grew by 15,000.

Sirius XM's 2023 total revenue fell 0.6% to less than $9 billion. Management also remains cautious about this year. It expects revenue to fall approximately 3% to less than $8.8 billion.

Total debt on the balance sheet as of December 2023 : $9.53 B. According to Sirius XM's latest financial reports the company's total debt is $9.53 B. A company's total debt is the sum of all current and non-current debts.

Sirius XM Holdings stock would need to gain 199.85% to reach $10. According to our Sirius XM Holdings stock forecast, the price of Sirius XM Holdings stock will not reach $10. The highest expected price our algorithm estimates is $ 4.23 by Apr 25, 2024.

Is Sirius XM stock a Buy, Sell or Hold? Sirius XM stock has received a consensus rating of sell. The average rating score is and is based on 13 buy ratings, 13 hold ratings, and 16 sell ratings.

No Stock Splits Found.

Will Sirius stock ever go up? ›

SIRI Signals & Forecast

There are few to no technical positive signals at the moment. The Sirius XM Holdings Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock.

As detailed Tuesday, Liberty will separate Liberty SiriusXM Group by creating “SplitCo,” which will holds all LXSM assets and liabilities. SplitCo will immediately acquire SiriusXM in an all-stock transaction to form “New SiriusXM” with one class of common stock.

The technology of the radios and the costs of the satellites drive up the prices we pay for the subscriptions and the radio costs. Getting commercial free radio means that sirius radio can not make any ad revenue to offset some of the cos so all the costs are put onto the subscriber.

Disappointing financial results

Lower advertising sales, coupled with the fact that Sirius XM lost 445,000 self-pay subscribers over the course of the year, were key forces that impacted revenue trends. For what it's worth, the company is profitable.

Sirius XM is a satellite-radio operator with nearly 34 million subscribers. These subscribers account for more than 75% of Sirius XM's revenue. Despite the highly recurring nature of its revenue, Sirius has some steep challenges cut out for it.

iHeartRadio. All you have to do is search for music, radio, and podcasts that you love. You can stream thousands of radio stations, podcasts, and playlists from one app. You can listen on any device, including smart phones, tablets, Wear OS, Chromecast, and Chromecast.

Total cost of services at SiriusXM was $2.7 billion for 2023, a 2% increase compared to the prior year. Gross profit at SiriusXM in 2023 totaled $4.2 billion, a decrease of 3% compared to $4.3 billion recorded in 2022, producing a gross margin of 61%, one percentage point lower than the prior year.

Since then, SiriusXM has grown to be the largest audio entertainment company in North America. As of July 12, 2022, SiriusXM had approximately 34 million subscribers. SiriusXM Radio is a primary entry point for the Emergency Alert System.

Shares of Sirius XM (SIRI) stock are moving higher today as the company announced a round of layoffs. This latest round of job cuts will see approximately 3% of the company's workforce let go.