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SIRI
Forbes
218 days

How Sirius XM Stock Could Dive To $10

1. Sirius XM's stock dropped 60% due to advertising and automotive challenges. 2. The company forecasts continued revenue decline in FY 2024 and FY 2025. 3. Sirius experienced a 2% drop in subscribers to 33.2 million. 4. Sirius' net margins may shrink from 14% to 9% amid competition. 5. Competitors like Spotify are growing while Sirius struggles to attract new users.

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FAQ

Why Bearish?

Ongoing decline in revenue, subscribers, and margins creates negative sentiment, similar to past trends.

How important is it?

The article highlights significant downward trends affecting Sirius, critical for investors.

Why Long Term?

Persistent challenges will likely take years to resolve, affecting long-term recovery.

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