Sidus Space (NASDAQ:SIDU) Stock Price Down 15% – Here’s Why

Sidus Space, Inc. (NASDAQ:SIDU)’s share price traded down 15% during mid-day trading on Monday . The company traded as low as $3.37 and last traded at $3.41. 41,897,617 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 89,930,359 shares. The stock had previously closed at $4.01.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Sidus Space in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Sidus Space Price Performance

The company has a fifty day moving average price of $1.61 and a 200 day moving average price of $1.42. The company has a market cap of $120.20 million, a PE ratio of -2.64 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) 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 company had revenue of $1.30 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SIDU. Thompson Davis & CO. Inc. purchased a new stake in Sidus Space during the fourth quarter valued at about $194,000. SG Americas Securities LLC purchased a new position in shares of Sidus Space in the 4th quarter worth about $118,000. Jane Street Group LLC bought a new position in shares of Sidus Space during the 2nd quarter valued at about $95,000. XTX Topco Ltd purchased a new position in shares of Sidus Space during the 2nd quarter valued at about $168,000. Finally, Geode Capital Management LLC raised its holdings in shares of Sidus Space by 28.1% during the 2nd 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 in the last quarter. Institutional investors own 17.91% of the company’s stock.

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.