Sidus Space (NASDAQ:SIDU) Rating Lowered to Sell at Wall Street Zen

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

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Sidus Space in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sidus Space presently has an average rating of "Sell".

Sidus Space Stock Performance

Shares of Sidus Space stock opened at $3.38 on Friday. The stock has a market capitalization of $224.84 million, a price-to-earnings ratio of -2.79 and a beta of -1.16. The company's 50 day moving average price is $2.93 and its 200-day moving average price is $2.28. Sidus Space has a 52-week low of $0.63 and a 52-week high of $5.99.

Hedge Funds Weigh In On Sidus Space

Institutional investors have recently made changes to their positions in the company. Ground Swell Capital LLC purchased a new position in shares of Sidus Space during the fourth quarter valued at $33,000. Resurgent Financial Advisors LLC acquired a new stake in Sidus Space in the fourth quarter worth about $38,000. OMERS ADMINISTRATION Corp acquired a new stake in Sidus Space in the fourth quarter worth about $40,000. T3 Companies LLC acquired a new stake in Sidus Space in the fourth quarter worth about $53,000. Finally, KPP Advisory Services LLC acquired a new stake in shares of Sidus Space during the first quarter worth about $46,000. 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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