Sidus Space (NASDAQ:SIDU) Announces Earnings Results

Sidus Space (NASDAQ:SIDU) issued its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Sidus Space had a negative return on equity of 83.35% and a negative net margin of 806.85%.The business had revenue of $0.36 million for the quarter.

Sidus Space Price Performance

NASDAQ:SIDU opened at $4.01 on Friday. The firm has a market capitalization of $266.75 million, a PE ratio of -4.27 and a beta of -1.16. The business’s fifty day moving average price is $3.17 and its 200 day moving average price is $2.42. Sidus Space has a 12 month low of $0.63 and a 12 month high of $5.99.

Hedge Funds Weigh In On Sidus Space

Several hedge funds have recently added to or reduced their stakes in the stock. Resurgent Financial Advisors LLC purchased a new position in shares of Sidus Space during the fourth quarter worth about $38,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Sidus Space during the fourth quarter worth about $40,000. Mariner LLC purchased a new position in shares of Sidus Space during the fourth quarter worth about $69,000. LPL Financial LLC purchased a new position in shares of Sidus Space during the fourth quarter worth about $81,000. Finally, Jane Street Group LLC purchased a new position in shares of Sidus Space during the second quarter worth approximately $95,000. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SIDU. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.