Sirius XM Holdings (SIRI): Today's Pre-Market Leader Stock

Trade-Ideas LLC identified Sirius XM Holdings (SIRI) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Sirius XM Holdings

(

SIRI

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Sirius XM Holdings 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 $197.8 million.
  • SIRI traded 1.0 million shares today in the pre-market hours as of 8:08 AM.
  • SIRI is up 2.2% today from Friday's close.

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More details on SIRI:

Sirius XM Holdings Inc. provides satellite radio services in the United States. SIRI has a PE ratio of 42. Currently there are 8 analysts that rate Sirius XM Holdings a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Sirius XM Holdings has been 40.2 million shares per day over the past 30 days. Sirius XM has a market cap of $20.6 billion and is part of the services sector and media industry. The stock has a beta of 1.00 and a short float of 11.1% with 4.19 days to cover. Shares are up 3.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Sirius XM Holdings as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from the ratings report include:

  • SIRI's revenue growth has slightly outpaced the industry average of 4.1%. Since the same quarter one year prior, revenues rose by 11.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 62.1% when compared to the same quarter one year prior, rising from $105.69 million to $171.34 million.
  • SIRIUS XM HOLDINGS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. However, the consensus estimates suggest that there will be an upward trend in the coming year. During the past fiscal year, SIRIUS XM HOLDINGS INC increased its bottom line by earning $0.10 versus $0.09 in the prior year. This year, the market expects an improvement in earnings ($0.15 versus $0.10).
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry, implying reduced upside potential.
  • The gross profit margin for SIRIUS XM HOLDINGS INC is rather high; currently it is at 61.11%. 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 14.26% compares favorably to the industry average.

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