Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Potential Upside |
|---|---|---|---|---|---|---|---|
| 20 Aug, 24 | SIRI | Buy | USD 3.18 | USD 3.4 | USD 3.75 | 1 day | 17.9% |
Data Powered by EOD Historical Data (“EODHD”).
Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment. This segment also distributes satellite radios through automakers and retailers, as well as its website; podcasts, including true crime, news, politics, music, comedy, sports, and entertainment; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services. In addition, this segment provides music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; and music programming and commercial-free music services for office, restaurants, and other business. Its Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. operates as a subsidiary of The Liberty SiriusXM Group.
Declining Gross Margins: Gross margin of 71.0% in Q2FY22 vs 74.5% in Q2FY21
Competition risk, Third party supplier risk, Labour disruptions and Macro uncertainties
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 3.18 | 2.6 | 3.4 | 3.75 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
• The stock has given a return of 13.04% in the last three months while correcting by 32.98% in past nine months.
• The stock is leaning towards the lower band of its 52-week range of USD 5.78 and 52-week low price of USD 2.45, with the current price near an important support zone of USD 2.50-USD 3.00, with expectations of support if these levels sustains.
• The price is currently below both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of 49.29.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Communication Services Industry: Entertainment
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SIRI Sirius XM Holding Inc |
-0.685 3.18% | 20.82 | 8.36 | 10.53 | 1.38 | - | 2.42 | 8.53 |
| NFLX Netflix Inc |
18.39 2.07% | 907.94 | 44.85 | 36.10 | 7.99 | 13.09 | 8.21 | 12.88 |
| DIS Walt Disney Company |
0.92 0.83% | 112.27 | 70.56 | 19.42 | 1.88 | 1.68 | 2.24 | 16.46 |
| UNVGY Universal Music Group N.V |
0.12 0.96% | 12.63 | 40.46 | 27.47 | 4.82 | 18.29 | 5.11 | 28.19 |
| UMGNF Universal Music Group N.V. |
0.04 0.15% | 25.89 | 40.11 | 27.55 | 4.82 | 18.30 | 5.11 | 28.19 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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