Sidus Space (NASDAQ:SIDU) Trading Up 15.5% – Here’s Why
by Michael Walen · The Markets DailyShares of Sidus Space, Inc. (NASDAQ:SIDU – Get Free Report) traded up 15.5% on Friday . The stock traded as high as $4.40 and last traded at $4.31. 44,668,207 shares changed hands during trading, a decline of 28% from the average session volume of 62,016,406 shares. The stock had previously closed at $3.73.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SIDU. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space currently has a consensus rating of “Sell”.
Read Our Latest Report on SIDU
Sidus Space Price Performance
The stock’s fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $1.53. The company has a market capitalization of $151.91 million, a price-to-earnings ratio of -3.34 and a beta of -1.64.
Sidus Space (NASDAQ:SIDU – Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%. The business had revenue of $1.30 million during the quarter.
Institutional Trading of Sidus Space
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Sidus Space in the 2nd quarter worth approximately $95,000. SG Americas Securities LLC bought a new position in Sidus Space during the 4th quarter worth $118,000. XTX Topco Ltd acquired a new stake in Sidus Space in the second quarter worth $168,000. Thompson Davis & CO. Inc. acquired a new stake in Sidus Space in the fourth quarter worth $194,000. Finally, Geode Capital Management LLC lifted its stake in Sidus Space by 28.1% in the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after buying an additional 26,498 shares during the last quarter. 17.91% of the stock is currently owned by institutional investors and hedge funds.
About Sidus Space
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.