Daily

Holding Steady Above Moving Average Trend Lines are Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares are holding above their moving averages, indicating a postitive uptrend for Services company.

Investing in the stock market will always involve some level of risk. Investors often have to determine how much they are willing to risk, and try to project what the potential reward could be. Taking on too much risk may put the average investor out of their comfort zone. Finding that sweet spot for risk appetite may help investors get on the correct path to conquering the markets. As companies continue to report quarterly earnings, investors will be watching which companies post larger than expected surprises. Analysts will also be watching the numbers closely in order to make sense of the results and update estimates accordingly.

In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average.  The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands -1.10% away from its 50-day simple moving average and -9.11% away from the 200-day average. The price currently stands at $5.95.

Investors might be looking to rebuild the portfolio as we move into the second half of the year. New investors can be tempted to try to maximize returns by owning one specific sector or be exposed to a fairly large single investment. By diversifying the portfolio, investors might be able to protect themselves from a sudden move against the position. Finding the correct portfolio balance is how many investors choose to approach the markets. This may take some time to master, and there may be some bumps along the way. Investors managing their own money may want to make sure that they know exactly what stocks are in the portfolio at all times. Keeping tabs on portfolio performance can also be a good way to make sure that it is weighted properly.

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Sirius XM Holdings Inc. (NASDAQ:SIRI)‘s stock was 4.55%.  -2.29% over the last quarter, and  -13.35% for the past six months. 

Over the past 50 days, Sirius XM Holdings Inc. stock was -7.47% off of the high and 8.58% removed from the low.  Their 52-Week High and Low are noted here.  -22.73% (High), 8.58%, (Low). 

RSI

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 48.71 for Sirius XM Holdings Inc. (NASDAQ:SIRI).

Returns & Recommendation

The consensus analysts recommendation at this point stands at 2.60 on this stock.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.  The Street has a 6.89 target price on the shares for the next 12-18 months.

The information provided on this website is for individual use only and should be considered strictly informational in nature. The article is not advice, and should not be treated as such. We are in no way responsible for any investment loss or damages. All content in our articles is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities.

Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our articles. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors.

Leave a Reply

Your email address will not be published. Required fields are marked *

*