Can Sirius XM’s Stock Rebound To Pre-Covid Levels?
- Date: 28-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
Can Sirius XM’s Stock Rebound To Pre-Covid Levels?
BRAZIL - 2020/03/28: In this photo illustration the Sirius XM Holdings logo is displayed on a ... [+] smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
There is a 40% upside potential from a recovery in Sirius XM stock (NASDAQ: SIRI) from $5.13 currently to its pre-crisis levels. Sirius XM's stock traded at a pre-Covid high of $7.31 in February and is currently 30% below this peak level. However, SIRI stock has gained 14% from the low of $4.50 seen in March 2020 (compared t0 a 47% recovery for the S&P 500). In the recent Q2, Sirius' Subscriptions grew 3% year-over-year and it generated 84% of its revenues from subscriptions (the rest coming from advertising), suggesting that
Select Sector 
Select Country 
