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Trade-Ideas: Sirius XM Radio (SIRI) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Sirius XM Radio ( SIRI) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Sirius XM Radio as such a stock due to the following factors:

  • SIRI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $161.6 million.
  • SIRI traded 638,760 shares today in the pre-market hours as of 9:25 AM.
  • SIRI is up 2.4% today from yesterday's close.

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More details on SIRI:

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. SIRI has a PE ratio of 77.2. Currently there are 7 analysts that rate Sirius XM Radio a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Sirius XM Radio has been 39.3 million shares per day over the past 30 days. Sirius XM Radio has a market cap of $24.0 billion and is part of the services sector and media industry. The stock has a beta of 2.20 and a short float of 9.5% with 7.41 days to cover. Shares are up 33.5% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 0.5%. Since the same quarter one year prior, revenues rose by 12.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Net operating cash flow has slightly increased to $273.11 million or 7.61% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -15.59%.
  • Compared to its closing price of one year ago, SIRI's share price has jumped by 59.23%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • The gross profit margin for SIRIUS XM RADIO INC is rather high; currently it is at 64.74%. Regardless of SIRI's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, SIRI's net profit margin of 13.35% compares favorably to the industry average.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. In comparison to the other companies in the Media industry and the overall market, SIRIUS XM RADIO INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.

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