Sidus Space (NASDAQ:SIDU) Trading Down 8.8% – Should You Sell?

Sidus Space, Inc. (NASDAQ:SIDU) shares were down 8.8% during mid-day trading on Tuesday . The stock traded as low as $3.11 and last traded at $3.11. Approximately 31,693,901 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 82,986,813 shares. The stock had previously closed at $3.41.

Wall Street Analyst Weigh In

Several research firms recently commented on SIDU. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Sidus Space Trading Down 8.8%

The firm’s fifty day moving average is $1.61 and its 200 day moving average is $1.42. The company has a market cap of $109.63 million, a PE ratio of -2.41 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings data 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 company had revenue of $1.30 million for the quarter.

Institutional Investors Weigh In On Sidus Space

Large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Sidus Space during the second quarter valued at approximately $95,000. SG Americas Securities LLC purchased a new stake in shares of Sidus Space during the fourth quarter worth approximately $118,000. XTX Topco Ltd acquired a new position in Sidus Space in the 2nd quarter valued at $168,000. Thompson Davis & CO. Inc. purchased a new position in Sidus Space in the 4th quarter valued at $194,000. Finally, Geode Capital Management LLC boosted its stake in 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 purchasing an additional 26,498 shares during the last quarter. 17.91% of the stock is currently 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.