Sidus Space (NASDAQ:SIDU) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Sidus Space from “hold” to “sell,” while Weiss Ratings also maintained a sell-level assessment. MarketBeat data shows a consensus rating of “Sell.”
• Sidus Space reported a quarterly loss of $0.06 per share on revenue of $0.58 million, alongside a negative 970.56% net margin and negative 58.70% return on equity.
• SIDU opened at $2.60, with a market capitalization of approximately $172.95 million and a 12-month trading range of $0.63 to $6.79; institutional investors own 17.91% of the company.

Sidus Space (NASDAQ:SIDU - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Separately, Weiss Ratings raised Sidus Space from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Sidus Space Price Performance

Shares of SIDU opened at $2.60 on Friday. The firm's 50 day moving average is $2.54 and its 200-day moving average is $2.96. The stock has a market capitalization of $172.95 million, a P/E ratio of -3.77 and a beta of -0.85. Sidus Space has a 12-month low of $0.63 and a 12-month high of $6.79.

Sidus Space (NASDAQ:SIDU - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. Sidus Space had a negative return on equity of 58.70% and a negative net margin of 970.56%.The business had revenue of $0.58 million during the quarter.

Hedge Funds Weigh In On Sidus Space

A number of institutional investors have recently bought and sold shares of the stock. Ground Swell Capital LLC acquired a new stake in Sidus Space during the 4th quarter worth about $33,000. Resurgent Financial Advisors LLC acquired a new position in shares of Sidus Space in the fourth quarter worth about $38,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Sidus Space in the fourth quarter worth approximately $40,000. Trivium Point Advisory LLC purchased a new position in shares of Sidus Space in the second quarter worth approximately $42,000. Finally, T3 Companies LLC acquired a new stake in shares of Sidus Space during the fourth quarter valued at approximately $53,000. Hedge funds and other 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.

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