Sidus Space (NASDAQ:SIDU) Shares Down 7.8% – Should You Sell?

Sidus Space, Inc. (NASDAQ:SIDU)’s stock price traded down 7.8% during trading on Thursday . The company traded as low as $4.20 and last traded at $4.28. 49,482,680 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 108,069,906 shares. The stock had previously closed at $4.64.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SIDU. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a report on Wednesday, October 8th. Wall Street Zen downgraded Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Sidus Space Stock Down 6.3%

The company has a market capitalization of $141.35 million, a P/E ratio of -3.11 and a beta of -1.64. The firm’s 50-day moving average price is $1.56 and its 200 day moving average price is $1.42.

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

Institutional Investors Weigh In On Sidus Space

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Sidus Space in the second quarter valued at about $168,000. Jane Street Group LLC purchased a new stake in Sidus Space in the 2nd quarter valued at about $95,000. SG Americas Securities LLC bought a new position in shares of Sidus Space during the 4th quarter worth approximately $118,000. Finally, Geode Capital Management LLC lifted its position in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after buying an additional 26,498 shares in the last quarter. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.