Sidus Space (NASDAQ:SIDU) Shares Down 7.8% - Here's Why

Key Points

• Shares fell 7.8% to $4.28 on Thursday, with about 49.48 million shares traded — roughly 54% below the stock's average daily volume.
• Analyst sentiment is negative: Weiss Ratings restated a "sell" and Wall Street Zen downgraded the stock, leaving Sidus with an average rating of "Sell".
• Fundamentals are weak: the company reported ($0.24) EPS on $1.30 million revenue, with a net margin of -655.33% and ROE of -116.44%, and a market cap of about $150.9 million.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) dropped 7.8% during trading on Thursday . The company traded as low as $4.20 and last traded at $4.28. Approximately 49,482,680 shares traded hands during trading, a decline of 54% from the average daily volume of 108,069,906 shares. The stock had previously closed at $4.64.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Sidus Space in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sidus Space from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

Sidus Space Price Performance

The firm's 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.38. The stock has a market cap of $150.87 million, a PE ratio of -3.32 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU - Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.24) EPS for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.The business had revenue of $1.30 million during the quarter.

Institutional Investors Weigh In On Sidus Space

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Sidus Space during the 2nd quarter worth $95,000. XTX Topco Ltd bought a new stake in Sidus Space during the second quarter worth about $168,000. Finally, Geode Capital Management LLC lifted its stake in Sidus Space by 28.1% during the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock worth $209,000 after purchasing an additional 26,498 shares during the last quarter. 17.91% of the stock is owned by hedge funds and other institutional investors.

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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