Sirius XM Holdings (NASDAQ:SIRI) May Try to Rebound Next Week

[[tagnumber 0]]The shares of Sirius XM Holdings (NASDAQ:SIRI) have been on a constant decline since the company released its last quarter earnings at the end of April. Although there were positive surprises in the report in regard of number of subscribers and operating income, generally traders seem disappointed.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 3]][[tagnumber 1]] [[tagnumber 0]]Last session closed at $3.85 which represents a 0.52% gain from the previous close and given the weak trading volume from yesterday and today‘s pre–market activity, SIRI could get some more trading attention today, and possibly rise higher towards the center of the trading range next week.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]] [[tagnumber 0]]Some technical indicators signal that reversal, and also the share price had support in the last two sessions near the lowest levels from February and March.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]] [[tagnumber 0]]SIRI main source of revenues are the subscription fees for various entertainment, sports and information channels that the company broadcasts through its proprietary satellite radio systems. There is agreements with all major automakers to offer satellite radios in their cars, thus SIRI could have more growth potential.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]] [[tagnumber 0]]Despite the increase in sales in the last quarter, however, the company still has large financial deficit, significant debt burden that causes immense interest costs, negative working capital and the growth in operating cashflow is not fast enough to make the company an attractive long–term investment.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 20]][[tagnumber 1]] [[tagnumber 0]]SIRI is operating in Canada as well though a 36.9% equity interest in Sirius XM Canada and the subscribers in Canada are not included in the main subscriber list of the company.[[tagnumber 1]] [[tagnumber 24]] [[tagnumber 1]]