Sidus Space (NASDAQ:SIDU) Trading Down 8.4% – Should You Sell?

Shares of Sidus Space, Inc. (NASDAQ:SIDU) traded down 8.4% on Thursday . The stock traded as low as $3.60 and last traded at $3.71. 17,295,879 shares traded hands during trading, a decline of 45% from the average session volume of 31,597,558 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research note on Thursday, January 22nd. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The company has a market cap of $246.79 million, a P/E ratio of -3.07 and a beta of -1.63. The firm has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $2.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SIDU. HRT Financial LP bought a new position in Sidus Space in the 4th quarter worth about $4,283,000. Jane Street Group LLC boosted its stake in Sidus Space by 2,970.3% in the 4th quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock worth $2,334,000 after purchasing an additional 719,196 shares during the period. XTX Topco Ltd bought a new position in Sidus Space in the 4th quarter worth about $1,555,000. Geode Capital Management LLC boosted its stake in Sidus Space by 43.2% in the 4th quarter. Geode Capital Management LLC now owns 337,966 shares of the company’s stock worth $1,061,000 after purchasing an additional 102,020 shares during the period. Finally, Sassicaia Capital Advisers LLC bought a new position in Sidus Space in the 4th quarter worth about $633,000. 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.