Sidus Space (NASDAQ:SIDU) Shares Down 9.2% – Time to Sell?

Sidus Space, Inc. (NASDAQ:SIDU) shares dropped 9.2% during mid-day trading on Friday . The stock traded as low as $3.33 and last traded at $3.37. Approximately 27,448,307 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 72,643,422 shares. The stock had previously closed at $3.71.

Analyst Ratings Changes

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

Sidus Space Stock Down 9.2%

The stock has a market cap of $118.79 million, a PE ratio of -2.61 and a beta of -1.64. The business’s 50-day simple moving average is $1.81 and its 200-day simple moving average is $1.48.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Sidus Space in the 4th quarter worth about $194,000. SG Americas Securities LLC purchased a new stake in Sidus Space in the fourth quarter worth about $118,000. Jane Street Group LLC bought a new stake in Sidus Space during the 2nd quarter valued at approximately $95,000. XTX Topco Ltd purchased a new position in shares of Sidus Space during the 2nd quarter worth approximately $168,000. Finally, Geode Capital Management LLC raised its position in shares of Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after acquiring an additional 26,498 shares in the last quarter. 17.91% of the stock is currently owned by institutional investors.

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.