Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s share price fell 7.2% during mid-day trading on Wednesday . The company traded as low as $3.25 and last traded at $3.36. 23,389,305 shares were traded during trading, a decline of 58% from the average session volume of 55,536,555 shares. The stock had previously closed at $3.62.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SIDU. Wall Street Zen downgraded shares of Sidus Space from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sidus Space in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space presently has a consensus rating of "Sell".
Read Our Latest Research Report on SIDU
Sidus Space Stock Performance
The firm has a market cap of $118.44 million, a P/E ratio of -2.60 and a beta of -1.64. The firm's fifty day moving average is $2.20 and its 200 day moving average is $1.57.
Sidus Space (NASDAQ:SIDU - Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.The company had revenue of $1.30 million for the quarter.
Hedge Funds Weigh In On Sidus Space
Several institutional investors and hedge funds have recently modified their holdings of SIDU. Jane Street Group LLC acquired a new position in shares of Sidus Space during the 2nd quarter worth approximately $95,000. XTX Topco Ltd acquired a new stake in Sidus Space during the second quarter worth approximately $168,000. Geode Capital Management LLC increased its stake in Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock worth $209,000 after acquiring an additional 26,498 shares during the period. SG Americas Securities LLC bought a new position in Sidus Space during the 4th quarter worth $118,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Sidus Space in the 4th quarter valued at $194,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.
Sidus Space Company Profile
(
Get Free Report)
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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