Sidus Space (NASDAQ:SIDU) Stock Price Down 5.4% – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price dropped 5.4% during trading on Friday . The company traded as low as $2.71 and last traded at $2.80. Approximately 13,110,316 shares were traded during trading, a decline of 75% from the average daily volume of 51,771,457 shares. The stock had previously closed at $2.96.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sidus Space Price Performance

The firm’s fifty day moving average is $2.30 and its 200 day moving average is $1.59. The firm has a market capitalization of $98.70 million, a price-to-earnings ratio of -2.17 and a beta of -1.64.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SIDU. Jane Street Group LLC bought a new position in Sidus Space during the second quarter valued at approximately $95,000. SG Americas Securities LLC bought a new stake in Sidus Space in the fourth quarter worth $118,000. XTX Topco Ltd acquired a new position in Sidus Space during the second quarter worth $168,000. Thompson Davis & CO. Inc. bought a new position in Sidus Space during the fourth quarter valued at about $194,000. Finally, Geode Capital Management LLC raised its holdings in Sidus Space by 28.1% during 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 in the last quarter. 17.91% of the stock is owned by institutional investors and hedge funds.

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.