From Nasdaq MarketSite: 2024-06-10 00:46:00

After a 53% fall this year, Sirius XM stock (NASDAQ: SIRI) could see long-term growth, but short-term upside is limited. The stock trades at around $3 per share due to headwinds in advertising and auto sales. Peers like Apple have outperformed SIRI. The company remains heavily in debt at $9.4 billion.

Despite a 50% decline over the past 3 years, SIRI stock underperformed the S&P 500, with negative returns each year. The Trefis High Quality Portfolio outperformed the S&P 500 consistently. SIRI revenue grew marginally y-o-y in Q1 2024, with net income of $265 million. The stock’s valuation is now $3 per share.

SIRI forecasts revenue of $8.75 billion for 2024, with an expected EPS of $0.31. The company must focus on content to compete with larger competitors. Peers comparison is valuable to understand industry trends. Returns for SIRI are -9% this month, -53% YTD, and -42% since 2017. Trefis Reinforced Value Portfolio has outperformed.



Read more at Nasdaq MarketSite: Will Sirius Stock See A Recovery After A 53% Fall This Year?