Editors' pick: Originally published Feb. 11.

We've all been watching the FANG stocks duke it out in the markets over the last few weeks. So far, 2016 has shown us that these Nasdaq darlings are just as susceptible to the whims of the market as other tech stocks. Although all four FANG stocks -- Facebook (FB - Get Report) , Amazon (AMZN - Get Report) , Netflix (NFLX - Get Report)  and Alphabet (GOOG - Get Report) (Google's parent company) -- were market leaders in 2015, they are currently now in the red, along with the bulk of the tech sector.

But there's another stock that's currently trading for a fraction of any FANG's share price. It's been a bit beaten down by the market, but this could merely be an opportunity to grab shares at fire-sale prices.

Sirius XM (SIRI - Get Report) is currently sitting at less than $3.50. On Monday it fell to $3.29, its lowest level since 2014 even though the company reported record quarterly and annual revenue last week. 

SIRI Chart

SIRI data by YCharts

For the fourth quarter of 2015, revenue came in at $1.2 billion, up 10% from a year earlier. For all of 2015, revenue totaled $4.6 billion, up 9% year over year and $200 million ahead of the company's own guidance. Net income of $135 million in the quarter was lower than the $143 million the company logged in the fourth quarter of 2014, but annual net income of $510 million marked an increase from $493 million the year before. Total paid subscribers increased 8% in 2015 to about 29.6 million.

Sirius XM has now been a profitable business for 20 consecutive quarters. The stock should be trading higher than recent levels. So why isn't it soaring?

One answer is the threat of the connected car. Sirius XM's business relies heavily upon subscribers listening during their daily commutes. Connected cars -- that is, vehicles equipped for Internet access -- could pose a threat to the company. Tapping into your Pandora or Spotify music account using a smartphone while driving is now simple with this technology.

However, worries about connected cars shrinking Sirius XM's subscriber base are largely unfounded. The company now has a record number of paid subscribers, having added 2.4 million more in 2015. Its 29.6 million subscriber base is massive, allowing the company to continue signing lucrative contracts with entertainers and franchises.

In addition, low oil prices, which benefit the car industry, should continue to help Sirius XM build its subscriber base. Most new -- and a growing number of pre-owned -- vehicles come pre-equipped with the satellite radio service. And cheaper gas also equals more driving time, equals more people subscribing with more cash to spend.

Sirius XM continues to be a growing company with a strong product, putting it among a group of innovative companies that should beat the market this year. And Zacks Investment Research agrees, reiterating its buy rating on SIRI shares. "Sirius XM is largely dependent on the future of the U.S. auto industry, which is poised for strong growth," Zacks analysts wrote this week. These low prices are a good entry point to scoop up shares of Sirius XM.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.