Stocks Under $10: Sirius XM Radio

Richard Suttmeier |

Sirius XM Radio (SIRI) – ($3.27) has a Hold rating according to ValuEngine with fair value at $2.11, which makes the stock 55.3% overvalued. The stock has a one-year price target at $3.27. ValuEngine Profile – “Sirius Satellite Radio is building a digital satellite radio system that will broadcast up to 100 channels of music and entertainment programming to motorists throughout the continental United States. The company plans to offer channels of commercial-free music and channels of news, sports and entertainment programming for a monthly subscription fee. Sirius Satellite Radio has an exclusive agreement with Ford Motor Company to install Sirius receivers in Ford vehicles.”

Analysis – The daily chart for SIRI shows declining momentum with the stock below its 21-day and 50-day simple moving averages at $3.45 and $3.30 and above its 200-day simple moving average at $2.99. My annual value level is $3.05 with a semiannual pivot at $3.27 and monthly risky level at $3.63.

     


Courtesy of Thomson / Reuters

 

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

SIRI

SIRIUS XM RADIO

3.27

2.11

3.24

76.28

6.48

40.88

[Image via Flickr]

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Companies

Symbol Name Price Change % Volume
SIRI Sirius XM Holdings Inc. 4.50 0.09 2.04 31,743,503
CAR Avis Budget Group Inc. 41.03 0.33 0.81 1,263,416

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