Sirius XM Stock Has a Lot to Prove This Week
One of the best-performing stocks over the past decade that's still trading in the single digits reports its latest financial results this week. Sirius XM Holdings (NASDAQ: SIRI) will announce its second-quarter numbers on Tuesday morning, and like most reports this season there's a lot at stake here.
Sirius XM is the lone provider of satellite radio in North America. The stock is nearly a 130-bagger since bottoming out at $0.05 -- yes, a nickel -- in early 2009. The stock would go on to deliver 11 consecutive years of positive returns before proving mortal in 2020. Growth was decelerating even before the pandemic made premium in-car services an easy luxury for consumers to do without, but Sirius XM has tried to flesh out its streaming offerings to provide value to its subscribers no matter where they may be. How will this week's important earnings report play out? Let's pop the hood to check on the state of Sirius XM's engine.
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Source Fool.com
