Sidus Space (NASDAQ:SIDU) Shares Down 1.1% – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU)’s share price dropped 1.1% during trading on Thursday . The company traded as low as $3.52 and last traded at $3.71. Approximately 48,440,555 shares traded hands during trading, a decline of 37% from the average daily volume of 77,061,578 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

Several brokerages recently commented on SIDU. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space presently has an average rating of “Sell”.

Sidus Space Price Performance

The stock’s fifty day moving average is $1.71 and its 200-day moving average is $1.45. The stock has a market cap of $130.78 million, a PE ratio of -2.88 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The firm 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIDU. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 26,498 shares during the last quarter. XTX Topco Ltd purchased a new stake in Sidus Space in the 2nd 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 acquired a new position in Sidus Space in the fourth quarter valued at about $118,000. Finally, Thompson Davis & CO. Inc. purchased a new position in Sidus Space during the fourth quarter worth about $194,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

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.