Sidus Space (NASDAQ:SIDU) Issues Quarterly Earnings Results

Sidus Space (NASDAQ:SIDU) released its earnings results on Thursday. The company reported ($0.06) EPS for the quarter, Zacks reports. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Sidus Space Price Performance

NASDAQ SIDU traded up $0.06 on Thursday, hitting $2.54. 6,352,821 shares of the stock were exchanged, compared to its average volume of 20,592,482. The company’s 50-day moving average price is $2.62 and its two-hundred day moving average price is $2.98. Sidus Space has a 52-week low of $0.63 and a 52-week high of $6.79. The company has a market capitalization of $168.96 million, a price-to-earnings ratio of -2.70 and a beta of -0.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Resurgent Financial Advisors LLC purchased a new stake in Sidus Space in the 4th quarter worth about $38,000. OMERS ADMINISTRATION Corp purchased a new position in Sidus Space during the 4th quarter valued at about $40,000. Mariner LLC acquired a new position in shares of Sidus Space in the 4th quarter valued at about $69,000. LPL Financial LLC acquired a new position in shares of Sidus Space in the 4th quarter valued at about $81,000. Finally, Bank of Montreal Can lifted its position in shares of Sidus Space by 30.0% in the fourth quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock worth $143,000 after purchasing an additional 10,500 shares in the last quarter. 17.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on SIDU. Weiss Ratings upgraded shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space presently has an average rating of “Sell”.

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.