Sidus Space (NASDAQ:SIDU) Stock Price Down 18.6% – Here’s What Happened

Shares of Sidus Space, Inc. (NASDAQ:SIDU) were down 18.6% during trading on Monday . The company traded as low as $3.47 and last traded at $3.51. Approximately 24,483,825 shares were traded during trading, a decline of 59% from the average daily volume of 59,716,359 shares. The stock had previously closed at $4.31.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a report on Thursday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space currently has an average rating of “Sell”.

Sidus Space Price Performance

The stock has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $1.54.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. purchased a new position in Sidus Space in the fourth quarter valued at about $194,000. SG Americas Securities LLC acquired a new position in shares of Sidus Space in the 4th quarter valued at approximately $118,000. Jane Street Group LLC acquired a new position in Sidus Space during the 2nd quarter worth $95,000. XTX Topco Ltd bought a new position in shares of Sidus Space during the second quarter worth about $168,000. Finally, Geode Capital Management LLC increased its holdings 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. Institutional investors and hedge funds 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.