You may not know Sirius XM Radio Inc (NASDAQ:SIRI) has close relation with auto sales. The reason why sale are of supreme importance is that its most subscribers are garnered by this method. So far in 2012, the best quarter in terms of auto sales and subscribers was Q2 when over 3.8 million auto sales and 622,000 subscribers were recorded.
In the third-quarter, the figure was just over 3.6 million and the company recorded 445,000 new subscribers. The final quarter is shaping up to have auto sales that match Q3. Sirius XM (SIRI) completed Q3 with net subscriber additions of 1,473,000, floating just 527,000 subscribers behind an impressive 2 million.[article_detail_ad_1]
It would be a big win for the company, if it hits 2 million net subscriber additions in 2012. It is not an easy task to achieve. The 4th quarter is normally a strong one for Sirius XM. Moreover, the used car channel is expanding with increasingly satellite radio equipped cars selling with each passing month.
How the stock is trending now?
Shares of Sirius XM Radio traded up 1.37% during last trading session, closing at $2.96. The share price of SIRI traded yesterday in a range of $2.94 to $3.01. The company now has a market value of $15.41 billion.
Are you optimistic or bullish on the near-term price outlook?
The stock, after recent close, is 8.40% up their SMA 50. The worst hit in its 52 week range is $1.78 per share, with $3.01 as its 52 week best price that compares with a latest closing price of $2.96. Its latest closing price has a distance of +8.66% from SMA20 and is 27.85% up than SMA200.
Watch the stock’s performance in different time span.
With recent gain, the year-to-date (YTD) performance reflected a 65.36% gain above last year. During the past month the stock advanced 12.12%, bringing three-month performance to +25.96% and six-month performance to +63.54%.
Do you know how risky is this stock?
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, 4.00% was seen in a week and for the month it was 2.79%.
What does equity analysts say?
For the stock, mean recommendation this week is 2.1. Sharing price target summary; nearly 15 brokerages have a mean PT as $3.18 and median PT of $3.25 while the highest price target set by those rating agencies was $4.00 and lowest PT was $2.25.