Sirius XM Stock Is Beaten Down Now, But It Could 10X

Sirius XM Holdings (NASDAQ: SIRI) is one of the cheapest stocks out there, but there's an obvious joke behind the notion that the satellite radio provider can appreciate tenfold from here. Sirius XM executed a 1-for-10 reverse split four months ago. If it wants to 10x, can't it just declare another 1-for-10 reverse split to multiply its share price by 10 while shrinking its share count by 90%?Ha ha. That's amusing.It's time to get serious about Sirius. Of stocks that started 2024 as large caps, the media giant had one of last year's worst performances. It surrendered more than half its value, closing out the year as an out-of-favor mid cap. Sirius XM hit an 11-year low last month. The starting line now is brutal but opportunistic.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool