How to Buy Sirius Xm Holdings Stock
Sirius Xm Holdings Inc
Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States.
Sirius Xm Holdings stock last closed at $4.71, up 4.9% from the previous day, and has decreased 24.03% in one year. It has underperformed other stocks in the Entertainment industry by 0.29 percentage points. Sirius Xm Holdings stock is currently +41.87% from its 52-week low of $3.32, and -40.75% from its 52-week high of $7.95.
At the moment, there are 3.84B SIRI shares outstanding. The market value of SIRI is $18.08B. In the last 24 hours, 13.91M SIRI shares were traded.
How to Buy Sirius Xm Holdings Stock
Wondering how to invest in Sirius Xm Holdings stock? Here's how.
- Figure out where to buy Sirius Xm Holdings stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Sirius Xm Holdings stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Research Sirius Xm Holdings stock: The Sirius Xm Holdings ticker symbol is SIRI. Is Sirius Xm Holdings stock a good investment? Should you buy shares of SIRI? How do SIRI's underlying business fundamentals look? Do top analysts think Sirius Xm Holdings is a good buy? Why has SIRI's stock price moved recently? (Hint: Our stock research website can help you figure out if SIRI is a good stock to buy).
- Make your SIRI buy order: Decide if you will purchase SIRI shares at the current market price or use a limit order to purchase SIRI stock at a specific price.
- Keep an eye on your SIRI position: Create a watchlist to the latest updates on your position in Sirius Xm Holdings shares.
Step 1: Figure out where to buy Sirius Xm Holdings stock
You will need a brokerage account to access the NASDAQ market and buy SIRI stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Technology to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to buy SIRI stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on stock apps to use, you need to deposit funds:
Check out this video walkthrough for more details transferring funds into your investment account.
Step 4: Research Sirius Xm Holdings stock
After you have chosen the best place to buy Sirius Xm Holdings stock, it's critical to evaluate their stock prior to investing, so you actually understand the risk and opportunity.
Sirius Xm Holdings shares quick numbers
SIRI Zen Score
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on SIRI's stock page.
Is SIRI stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SIRI's fair value.
Using relative valuations methods:
- SIRI could be undervalued based on its P/E ratio of 14.72x, relative to Entertainment industry P/E ratio of 42.58x
- SIRI could be overvalued based on its PEG ratio of 1.42x
You can access additional valuation analysis on SIRI's stock here.
A look at SIRI Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- SIRI profit margin has gone up from 13% to 14.2% in the past year.
- SIRI's operating cash flow of $1.96B allows it to safely service it's debt of $9.69B.
Failed Financial Due Diligence Checks:
- SIRI debt to equity ratio of -4.5 is negative.
- SIRI earnings of $2.01B is not enough to cover its interest payments.
- There are more short-term liabilities than short-term assets on the SIRI balance sheet.
- There are more long-term liabilities than short-term assets on the SIRI balance sheet.
- Total SIRI debt is still negative.
Is it a good time to buy Sirius Xm Holdings stock, according to Wall Street analysts?
Out of 7 Equities analysts who track SIRI, the consensus analyst rating on SIRI is a Hold
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest SIRI Analyst Recommendations
Vijay Jayant, a top 34% analyst from Evercore ISI Group downgrades SIRI to a sell rating and announces their SIRI price target of $4.50, on Jul 21, 2023.
Jeffrey Wlodarczak, a bottom 10% analyst from Pivotal Research downgrades SIRI to a strong sell rating and raises their SIRI price target from $4.00 to $4.50, on Jul 21, 2023.
You can dive deeper into what analysts are saying on the Sirius Xm Holdings stock forecast page.
SIRI Trading Indicators
Is SIRI Growing Revenue?
Last year, SIRI earnings were $1.27B. In the past 5 year, SIRI's earnings have gone up by 9.86% per year. This was faster than the Entertainment industry average of 4.67%.
Last year, SIRI revenue was $8.95B. Over the past 5 year, SIRI's revenue has gone up by 9.52% per year. This was slower than the Entertainment industry average of 12.85%.
You can analyze SIRI's earnings and revenue performance here.
Who is buying/selling SIRI?
In the past year, executives and large shareholders at SIRI have sold more shares than they have bought.
Patrick L. Donnelly, EVP General Counsel Sec. of SIRI, was the latest SIRI insider to sell. They sold $254,979.98 worth of SIRI shares on Nov 21, 2023.
Learn more about who owns SIRI stock here.
Does SIRI stock generate passive income?
Sirius Xm Holdings pays a dividend of 2.11%, compared to the Entertainment industry's average dividend yield of 2.21%. If you owned $1,000 of SIRI stock, you would have been paid $21.06 in the past year.
Sirius Xm Holdings dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Sirius Xm Holdings dividend yield and history here.
Get opinions from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your SIRI buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and your broker will place your order.
If you want more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your SIRI position
Now that you own some SIRI stock, you'll want to keep up with your new investment.
Create a watchlist to get alerted to the latest events about your SIRI stock.
SIRI Feed
How to Buy Stock in Sirius Xm Holdings
To reiterate, here are the 6 steps to buy Sirius Xm Holdings stock:
- Figure out where to buy Sirius Xm Holdings stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Sirius Xm Holdings stock
- Make your SIRI buy order
- Keep an eye on your SIRI position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Sirius Xm Holdings, add SIRI to your watchlist below.
Other Content You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.