Sidus Space (NASDAQ:SIDU) Trading Up 0.9% – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU) shares were up 0.9% during mid-day trading on Wednesday . The stock traded as high as $3.45 and last traded at $3.26. Approximately 11,315,473 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 28,782,256 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

SIDU has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Sidus Space from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Sidus Space Price Performance

The business has a 50-day moving average price of $4.08 and a two-hundred day moving average price of $3.01. The company has a market capitalization of $214.86 million, a price-to-earnings ratio of -3.44 and a beta of -0.97.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.36 million during the quarter. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Ground Swell Capital LLC bought a new stake in shares of Sidus Space during the fourth quarter worth about $33,000. Bank of Montreal Can boosted its stake in Sidus Space by 30.0% during the 4th quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock valued at $143,000 after purchasing an additional 10,500 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in Sidus Space during the 4th quarter valued at about $38,000. OMERS ADMINISTRATION Corp acquired a new position in Sidus Space during the 4th quarter valued at about $40,000. Finally, T3 Companies LLC bought a new stake in Sidus Space during the 4th quarter worth approximately $53,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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.