Sirius XM’s stock (NASDAQ: SIRI), a leading provider of satellite radio, has seen a flat growth in the last week (five trading days) to levels of near $6 currently.
But will the company’s stock see higher levels over the coming weeks, or is a decline in the stock imminent? According to the Trefis Machine Learning Engine, which identifies trends in a company’s stock price, returns for SIRI stock average around a marginal growth of 0.7% in the next one-month (twenty-one trading days) period after experiencing a flat growth during the last week.
But how would these numbers change if you are interested in holding SIRI stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis machine learning engine SIRI stock chances of a rise. You can see the chance of recovery over different time intervals of a quarter, month, or even just one day!
Sirius XM’s quarterly revenue was up a modest 9% from where it was two years ago in Q2. In addition, its net income rose 11% higher from the pre-pandemic quarter. This growth was higher on a per-share basis as a result of Sirius XM’s aggressive buybacks.
As of June 2021, the company had 31.4 million self-pay subscribers - who are paying for premium radio despite so many connected cars having access to unlimited free or almost free alternatives. Now, that there are more cars on the road - the company expects to add 1.1 million accounts this year.
Sirius XM has a long history of providing conservative guidance for revenue, self-pay net subscriber additions, free cash flow, and adjusted EBITDA. The company typically raises those guidance figures throughout the year as it did in its latest Q2 report.
SIRI now expects total revenue of approximately $8.5 billion (up by $200 million from the previous forecast), adjusted EBITDA of $2.67 billion, and free cash flow of $1.7 billion, both up to $100 million from prior estimates.
IF SIRI stock moved by -5% over five trading days, THEN over the next twenty-one trading days, SIRI stock moves an average of 3.3%, with a 69% probability of a positive return over this period. Source.