SiriusXM Radio (NASDAQ:SIRI) loses one of its first employees, starts New Year on New High

Posted by on Jan 03, 2013

SiriusXM Radio (NASDAQ:SIRI) veteran executive Derek de Bastos has left to join a subsidiary of EchoStar Corp. (NASDAQ:SATS), EchoStar Satellite Services, LLC, to take role as Chief Technology Officer. de Bastos will look after the procurement, technical direction, and technical operations for EchoStar’s satellite team and will control a rising team responsible for systems engineering and program management. EchoStar Corp. stated that he will report to ESS president Anders Johnson.

de Bastos worked at SiriusXM Radio as vice president of engineering where he was held since Sirius and XM merged in 2008. He was one of the first workers of XM Satellite Radio and performed role as the vice president of satellite engineering for nine years before the merger, during which time he played an important role to take the company from a vision to America’s first nationwide digital satellite radio service. In his previous job career, he was placed at several management positions with Worldspace Inc. and Lockheed Martin (formerly RCA) Astro Space.

The SIRI stock price and market worth

Sirius XM Radio stock traded up 4.50% during last trading session, completing the business day at $3.02. The share price of SIRI traded yesterday at minimum $2.95 and marked a new 1-year high of $3.04. The company now has a market value of $15.73 billion.

Also, see its Short-term price outlook

The stock, after recent close, is 8.77% up their SMA 50. The worst hit in its 52 week range is $1.78 per share. Its latest closing price has a distance of +6.51% from SMA20 and is 28.71% up than SMA200.

Easy-to-read past performance data

During the past month the stock advanced 11.03%, bringing three-month performance to +18.90% and six-month performance to +65.93%.

Stock Beta and Volatility

For this company, beta value at 2.15 represents it is more volatile to the shift in the market. If we take a look on its volatility, 1.72% was seen in a week and for the month it was 2.60%.

Analysts’ opinion

For the stock, mean recommendation this week is 2.1. Sharing price target summary; nearly 16 brokerages have a mean PT as $3.22 and median PT of $3.28 while the highest price target set by those rating agencies was $4.00 and lowest PT was $2.25.




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