Sidus Space (NASDAQ:SIDU) Trading Up 3.1% – What’s Next?

Sidus Space, Inc. (NASDAQ:SIDU)’s share price shot up 3.1% during trading on Tuesday . The stock traded as high as $3.89 and last traded at $3.62. 19,543,713 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 57,393,754 shares. The stock had previously closed at $3.51.

Analyst Upgrades and Downgrades

SIDU has been the topic of a number of research reports. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space currently has a consensus rating of “Sell”.

Sidus Space Stock Performance

The stock has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $1.55. The stock has a market cap of $127.61 million, a price-to-earnings ratio of -2.81 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) EPS for the quarter. The company had revenue of $1.30 million during the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.

Institutional Investors Weigh In On Sidus Space

A number of institutional investors and hedge funds have recently bought and sold shares of SIDU. Geode Capital Management LLC boosted 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 worth $209,000 after buying an additional 26,498 shares during the last quarter. XTX Topco Ltd purchased a new position in Sidus Space in the 2nd quarter valued at approximately $168,000. Jane Street Group LLC purchased a new stake in shares of Sidus Space in the second quarter worth about $95,000. SG Americas Securities LLC bought a new stake in Sidus Space during the fourth quarter valued at $118,000. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Sidus Space during the 4th quarter worth $194,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.