Where Will Sirius XM Be in 1 Year?
One of the most impressive winning streaks in the realm of low-priced stocks seems safe for another year. Shares of Sirius XM Holdings (NASDAQ: SIRI) are trading 22% higher in 2019. Barring a dramatic sell-off in the next month and change that would wipe out those gains, this will be the 11th year in a row that Sirius XM stock delivers positive returns for its shareholders.
The equally impressive side note in this 11-year run is that Sirius XM has been able to climb this ladder without having its share price break into the double digits. It helps that the once out-of-favor shares traded as low as a nickel -- yes, $0.05 -- in early 2009. Sirius XM has become one of the market's biggest gainers in that time, a 138-bagger since bottoming out. The chart over the past 11 years is a thing of beauty, but with its enterprise value approaching $40 billion, it's fair to say Sirius XM's gains will be more modest in the coming years. Let's look out just a year this time, sizing up where Sirius XM will be near the end of 2020.
Image source: Sirius XM Holdings.
Source Fool.com
