Sidus Space (NASDAQ:SIDU) Issues Earnings Results

Key Points

• Sidus Space reported a quarterly loss of $0.06 per share, alongside a negative net margin of 806.85% and negative return on equity of 72.52%.
• Shares traded at approximately $2.54, with the stock well below its 52-week high of $6.79; analysts maintain a consensus “Sell” rating.
• Institutional and hedge-fund investors own 17.91% of Sidus Space, with several firms establishing new positions during recent quarters.

Sidus Space (NASDAQ:SIDU - Get Free Report) posted its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, Zacks reports. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

Sidus Space Price Performance

Shares of NASDAQ SIDU traded up $0.06 during mid-day trading on Thursday, reaching $2.54. 6,352,821 shares of the company traded hands, compared to its average volume of 20,592,482. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $6.79. The firm has a market cap of $168.96 million, a PE ratio of -2.70 and a beta of -0.85. The stock has a fifty day simple moving average of $2.62 and a 200-day simple moving average of $2.98.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SIDU. Weiss Ratings raised shares of Sidus Space from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, June 23rd. Wall Street Zen raised shares of Sidus Space from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space presently has a consensus rating of "Sell".

Institutional Investors Weigh In On Sidus Space

Institutional investors have recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC acquired a new position in shares of Sidus Space during the 4th quarter valued at $38,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Sidus Space in the fourth quarter valued at $40,000. Mariner LLC acquired a new stake in shares of Sidus Space in the fourth quarter valued at $69,000. LPL Financial LLC bought a new position in Sidus Space during the fourth quarter valued at about $81,000. Finally, Jane Street Group LLC bought a new position in Sidus Space during the second quarter valued at about $95,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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.

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