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Sirius XM Holdings ( #SIRI) experienced a price change today, reaching $23.01, a percentage change of 1.23%. This wave of volatility occurred shortly after the company's recent strategic decisions, including a reverse stock split and spin-off from Liberty Media, leaving investors on edge. Last month, Sirius XM Holdings (SIRI, Financial) completed a 1-for-10 reverse stock split as part of its restructuring following the spin-off from Liberty Media, aimed at boosting its stock price and reducing outstanding shares by 12%. Initially, this move garnered positive attention, lifting the stock price. However, due to mixed analyst outlooks and intensifying competition from streaming giants like Spotify, the stock price declined for four consecutive trading days, dampening enthusiasm.
Despite facing challenges, sirius xm maintains its financial outlook, forecasting annual revenue of $8.75 billion and adjusted EBITDA of $2.7 billion. However, the company has adjusted its free cash flow target from $1.2 billion to $1 billion, reflecting the impact of the close of payments related to Liberty Sirius XM Holdings.
In terms of valuation, sirius xm currently has a price-to-earnings ratio (PE) of 6.97, close to a 10-year low. The company's estimated intrinsic value (GF value) is $54.56, indicating undervaluation.
Sirius XM Holdings ( #SIRI) experienced a price change today, reaching $23.01, a percentage change of 1.23%. This wave of volatility occurred shortly after the company's recent strategic decisions, including a reverse stock split and spin-off from Liberty Media, leaving investors on edge. Last month, Sirius XM Holdings (SIRI, Financial) completed a 1-for-10 reverse stock split as part of its restructuring following the spin-off from Liberty Media, aimed at boosting its stock price and reducing outstanding shares by 12%. Initially, this move garnered positive attention, lifting the stock price. However, due to mixed analyst outlooks and intensifying competition from streaming giants like Spotify, the stock price declined for four consecutive trading days, dampening enthusiasm.
Despite facing challenges, sirius xm maintains its financial outlook, forecasting annual revenue of $8.75 billion and adjusted EBITDA of $2.7 billion. However, the company has adjusted its free cash flow target from $1.2 billion to $1 billion, reflecting the impact of the close of payments related to Liberty Sirius XM Holdings.
In terms of valuation, sirius xm currently has a price-to-earnings ratio (PE) of 6.97, close to a 10-year low. The company's estimated intrinsic value (GF value) is $54.56, indicating undervaluation.
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