Barclays took its Liberty SiriusXM Gr [LSXMA] rating to the equivalent of Overweight from Equal Weight, and the price target to $55.0 from $39, in a research note dated 2021-01-11. That figure represents around a 30.36% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Pivotal Research Group’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in late March. Meanwhile, Credit Suisse had lowered its rating on LSXMA to “Neutral” from the earlier “an Outperform”, in a research note produced for clients March 20, 2020. In addition, The Benchmark Company launched coverage on October 09, 2019. The research firm rated LSXMA “a Buy”.
Is The Liberty SiriusXM Group [NASDAQ:LSXMA] a Good Buy Right Now?
It should be noted that LSXMA technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from The Liberty SiriusXM Group’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.56 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.6 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.57 million shares.
LSXMA Price Performance
On Wall Street, The Liberty SiriusXM Group [NASDAQ:LSXMA] finished Friday’s session down -5.19% at $42.19. The stock went up to $44.54 at the same session while its lowest single day price was $41.87. In the last five days, it saw a fall of about -2.32%, The Liberty SiriusXM Group shares dropped by almost -2.32% since the beginning of the year. However, the share price has dropped to as low as -16.00% below its one year high. On 01/07/21, the company shares recorded $45.11, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $41.79. The company’s shares have declined by -10.52% in the past year. The 50-day SMA achieved is $41.27 while the 200-day SMA is $36.06. Volume gained to 1.03 million from 0.41 million in the previous session.
The Liberty SiriusXM Group [LSXMA] Valuation Measures
Notably, The Liberty SiriusXM Group [LSXMA] stock can be classified as a good candidate in the listing of underestimated low-priced Broadcasting companies to purchase soonest possible with the prevailing 12-month PE ratio of 16.10. The measure means the stock is exchanging at a discount as compared to the 22.02x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.28 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.36 which means LSXMA serve an attractive investment opportunity compared to its competitors.
LSXMA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 41.19 level, and in case of violation of this particular level, it will cause more drop to 40.20 level. On the upper level, 45.54 is still the key resistance. The stock may increase to the subsequent resistance at 43.86. The Relative Strength Index (RSI) pinned on the 14-day chart is 48.32, implying a neutral technical stance while the MACD stands at 0.87, meaning price will decrease in the next trading period. Percent R indicator moved to 87.95%, implying bearish price movement. Stochastic %K at 63.81% suggest selling the stock.
What is the short interest in The Liberty SiriusXM Group?
Short interest in the The Liberty SiriusXM Group stock has plunged, decreasing by -0.12 million shares to total 4.79 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.67 million, data from Yahoo Finance shows. The increase of 2.51% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 5.84% of the overall float for the stock.
The Liberty SiriusXM Group’s Biggest Shareholders: Who Owns The Liberty SiriusXM Group [LSXMA]?
Filings by Berkshire Hathaway, Inc. showed that the firm now holds a total of 14,860,360 shares or roughly 14.76% of the outstanding LSXMA shares. This means their shares have reduced by 0 from the 14,860,360 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $304,269,110. Details in the latest 13F filings reveal that D. E. Shaw & Co. LP acquired their 3.80% stake valued at $179,761,194 while ClearBridge Investments LLC cut theirs at $157,489,711. During the last quarter, D. E. Shaw & Co. LP raised 160,761 of its shares in The Liberty SiriusXM Group while ClearBridge Investments LLC sold -35,752 shares. The BlackRock Fund Advisors’s holdings currently number 3,841,143 shares at $162057823.17. According to the firm’s last 13F report, Citadel Advisors LLC shares in the company at filing stood at 3,444,972 shares, roughly $141,037,154.
LSXMA Earnings Forecast For The Current Quarter
The Liberty SiriusXM Group [LSXMA] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $2.04B and an earnings per share of $0.27 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.99B at an EPS of $0.78 for Mar 2021. The estimates represent downside of 3.60% and 8.57% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
LSXMA Earnings Estimates For The Current Year
For the financial year, The Liberty SiriusXM Group [NASDAQ:LSXMA] is expected to bring in revenue of $7.86B. The returns are nearly $70.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.49, lower than that of FY19 by -$0.04. Estimates put this year’s earnings growth at -2.60%, 8.70% for the next, and at an annual 6.47% over the next 5-year period. As for sales, forecasts are for an increase of 0.90% in the current fiscal year and a further 3.60% over the following year.