1 Sirius XM Holdings Inc. is trading at $4.89, with a huge drop of 4.50% in the previous trading session. 2 SIRI’s 52-week price range is $4.5 -7.97, and its market capitalization is $19.845 Billion. Siri is Apple’s virtual assistant, not a stock symbol. However, there is a stock...
- 1 Sirius XM Holdings Inc. is trading at $4.89, with a huge drop of 4.50% in the previous trading session.
- 2 SIRI’s 52-week price range is $4.5 -7.97, and its market capitalization is $19.845 Billion.
Siri is Apple’s virtual assistant, not a stock symbol. However, there is a stock with its tickerI, which belongs to Sirius XM Holdings Inc., a company that provides satellite radio services in the US and Canada.
The company reported revenue of $2.14 Billion for the first quarter of 2023, a slight 2% drop from the same quarter in 2022. The company’s net income was $233 Million for the first quarter of 2023, down 25% from $309 Million in the first quarter of 2022.
Net income per diluted share was $0.06 for the first quarter of 2023, compared to $0.08 for the first quarter of 2022. Adjusted EBITDA was $625 Million for the first quarter of 2023, a 9% decrease from the first quarter of 2022.
The company maintained its self-pay subscribers at 32.0 Million, demonstrating its customer loyalty and retention. The company also achieved a gross profit of $1.0 Billion, reflecting its strong margins and cash flow generation. Additionally, the company enhanced its content offering, adding new channels, shows, podcasts, and live events to its platform.
The company confirmed its revenue outlook for the full year 2023 while raising its guidance for adjusted EBITDA and free cash flow. The company expects to achieve the following financial results for 2023:
• Revenue of around $9.0 Billion,
• Adjusted EBITDA of about $2.75 Billion, and
• Free cash flow of roughly $1.1 Billion.
SIRI Stock Price Technical Analysis
The price of SIRI stock has risen above 50 and 200 MAs, which indicates that the price is in a bullish trend right now. The stock price got rejected from the resistance line and got back to 200 SMA. The next move of the stock depends on whether it bounces back from 200 SMA or goes below it.
The MACD is also a bullish area. The MACD value is 0.5602 and the signal value is 0.4702, both above the zero line, suggesting bullishness.
The current value of RSI is 72.12 points, and the 14 SMA line is currently heading toward the median line, around 51.51 points. The 14 Day SMA line is above the median line. However, the RSI is reversing back in a downward direction hinting at a downtrend.
Summary
The SIRI stock’s trend is currently uncertain. The price has been going down for some days. Technical indicators including EMA, RSI, and MACD are neutral on stock. The stock failed to break above the resistance level and retreated to the 200-day simple moving average. The future direction of the stock will depend on whether it rebounds from the 200-day SMA or falls below it. If it bounces back, it may test the resistance level again; if it drops below, it may face further downside pressure. Confusion is growing among investors because of the weak performance of the stock lately.
Technical Levels:
Support – The current support level is $4.5
Resistance –The current resistance levels are $5.57.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.