Sidus Space (NASDAQ:SIDU) Shares Down 6.2% – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU) was down 6.2% on Wednesday . The company traded as low as $4.44 and last traded at $4.6350. Approximately 87,064,377 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 122,355,047 shares. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SIDU shares. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sidus Space currently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The company has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.42. The company has a market capitalization of $141.35 million, a PE ratio of -3.11 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $1.30 million during the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

Institutional Trading of Sidus Space

Several hedge funds and other institutional investors have recently bought and sold shares of SIDU. Geode Capital Management LLC lifted its holdings 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 last quarter. XTX Topco Ltd acquired a new stake in shares of Sidus Space during the 2nd quarter valued at approximately $168,000. Jane Street Group LLC acquired a new stake in shares of Sidus Space during the 2nd quarter valued at approximately $95,000. Finally, SG Americas Securities LLC bought a new position in Sidus Space during the fourth quarter worth $118,000. 17.91% of the stock is owned by institutional investors.

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.