Sidus Space (NASDAQ:SIDU) Stock Price Down 8.4% – Time to Sell?
by Teresa Graham · The Cerbat GemSidus Space, Inc. (NASDAQ:SIDU – Get Free Report)’s stock price fell 8.4% during mid-day trading on Thursday . The stock traded as low as $3.60 and last traded at $3.71. 17,295,879 shares changed hands during trading, a decline of 45% from the average session volume of 31,597,558 shares. The stock had previously closed at $4.05.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday, January 22nd. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on Sidus Space
Sidus Space Trading Down 7.8%
The firm has a market cap of $227.50 million, a PE ratio of -2.83 and a beta of -1.63. The stock has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $2.22.
Institutional Investors Weigh In On Sidus Space
Institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC bought a new position in shares of Sidus Space during the 4th quarter valued at about $33,000. Resurgent Financial Advisors LLC bought a new position in shares of Sidus Space during the 4th quarter valued at about $38,000. OMERS ADMINISTRATION Corp bought a new position in shares of Sidus Space during the 4th quarter valued at about $40,000. KPP Advisory Services LLC bought a new position in shares of Sidus Space during the 1st quarter valued at about $46,000. Finally, T3 Companies LLC bought a new position in shares of Sidus Space during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.
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.