Home / Features / Sirius XM Holdings Inc. (NASDAQ:SIRI) Debuts of SiriusXM Music for Business on Sonos

Sirius XM Holdings Inc. (NASDAQ:SIRI) Debuts of SiriusXM Music for Business on Sonos

Sirius XM Holdings Inc. (NASDAQ:SIRI) [Trend Analysis] hangs on to mix trends, as shares trade at $3.94 by slightly up 0.77% with volume of 41 Million shares. SiriusXM along with Sonos reported that debut of SiriusXM Music for Business on Sonos. SiriusXM will demonstrate SiriusXM Music for Business at the National Restaurant Association show in Chicago, from May 21-24.

SiriusXM Music for Business is now available for the first time for businesses using Sonos wireless products. SiriusXM Music for Business paired with Sonos allows businesses to meet the unique requirements of each environment and enhance the customer experience.

Executive VP, Sales and Development, SiriusXM, Joe Verbrugge stated that they are thrilled to work with Sonos to give businesses an easy, powerful solution to create a soundtrack for their customers and employees. “Whether it’s top 40 hits or jazz, songs from the ’80s and ’90s, acoustic music by singers and songwriters, SiriusXM Music for Business is designed to give businesses a wide variety of choice and control over the music that defines their brands.”

Major bullish and bearish trends reflect in rating research, from pool of WSJ analyst gave 5.25 as a highest price target, medium point hits to 4.50, while the lowest share price targets assigned 4.10. The data compelled by Wall Street Journal average suggest average price target would by 4.60, where as current price stood at 3.94.

Moderately analysts issue miscellaneous recommendation for SIRI, as 12 experts rated as “BUY” security, 0 analyst have faith on stocks as “Overweight,” moreover 7 experts rated as “Hold”.

As the revenues measures, firm has operation margin of 25.90% in the following twelve months with net profit margin of positive 12.30%. The Company showed a positive 12.30% in the net profit margin and in addition to in its operating margin which remained 25.90%. Company’s annual sales growth for the past five year was 10.20%.

Sirius XM Holdings Inc. (NASDAQ:SIRI) presented weekly performance of 1.29% with respect to its rate of return. However, the performance for a quarter experienced change of 6.49% and its performance for a year is 0.25% and its year to date performance remained in red with -3.19%. The stock price volatility was 1.34% for a week and 1.56% for a month as well as price volatility’s Average True Range for 14 days was 0.06 and its beta remained 1.46.

Current stock price is in the upbeat territory taking into account of 20 days moving average with 0.25% and continued bullish run for 50 days moving average with 0.65%. Its earnings per share for the past twelve months were 11.50%. Company’s beta coefficient was at 1.46. Beta measures the amount of market risk associated with market trade.


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