Sidus Space (NASDAQ:SIDU) Trading 9.2% Higher – Here’s What Happened
by Renee Jackson · The Cerbat GemSidus Space, Inc. (NASDAQ:SIDU – Get Free Report)’s stock price shot up 9.2% during trading on Tuesday . The stock traded as high as $3.80 and last traded at $3.68. 24,976,683 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 68,738,617 shares. The stock had previously closed at $3.37.
Analyst Ratings Changes
A number of brokerages have commented on SIDU. Wall Street Zen downgraded shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space presently has an average rating of “Sell”.
Check Out Our Latest Analysis on SIDU
Sidus Space Trading Up 9.2%
The stock has a market capitalization of $129.71 million, a price-to-earnings ratio of -2.85 and a beta of -1.64. The firm’s fifty day moving average price is $1.86 and its 200 day moving average price is $1.49.
Sidus Space (NASDAQ:SIDU – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%. The firm had revenue of $1.30 million during the quarter.
Hedge Funds Weigh In On Sidus Space
Several institutional investors have recently bought and sold shares of SIDU. SG Americas Securities LLC purchased a new stake in Sidus Space during the fourth quarter worth about $118,000. Jane Street Group LLC purchased a new position in shares of Sidus Space in the second quarter valued at approximately $95,000. Thompson Davis & CO. Inc. acquired a new position in shares of Sidus Space in the fourth quarter valued at approximately $194,000. XTX Topco Ltd acquired a new position in shares of Sidus Space in the second quarter valued at approximately $168,000. Finally, Geode Capital Management LLC increased its stake in Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after buying an additional 26,498 shares during the period. 17.91% of the stock is owned by institutional investors and hedge funds.
Sidus Space Company Profile
Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.
The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.