Sidus Space (NASDAQ:SIDU) Shares Down 11.9% – Should You Sell?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price dropped 11.9% on Thursday . The stock traded as low as $2.91 and last traded at $2.96. Approximately 21,435,037 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 53,779,309 shares. The stock had previously closed at $3.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SIDU shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday, January 22nd. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Sidus Space Trading Down 5.4%

The firm’s fifty day moving average price is $2.34 and its 200 day moving average price is $1.60. The firm has a market capitalization of $98.70 million, a PE ratio of -2.17 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last announced its quarterly 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 firm had revenue of $1.30 million for the quarter.

Institutional Trading of Sidus Space

Several large investors have recently made changes to their positions in SIDU. XTX Topco Ltd bought a new stake in Sidus Space during the second quarter worth approximately $168,000. Thompson Davis & CO. Inc. acquired a new stake in Sidus Space in the 4th quarter worth $194,000. Jane Street Group LLC bought a new position in Sidus Space during the second quarter valued at about $95,000. SG Americas Securities LLC bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $118,000. Finally, Geode Capital Management LLC increased its holdings in Sidus Space by 28.1% in 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 during the period. Institutional investors own 17.91% of the company’s stock.

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.