Sidus Space (NASDAQ:SIDU) Shares Up 1% - Should You Buy?

Key Points

• Shares rose about 1% to $1.99 (intraday high $2.09) on Wednesday with 3.32M shares traded, down ~25% from average volume; the 50-day MA is $2.84 versus the 200-day MA of $1.75 and the company has a market cap of ~$132.4M and a negative P/E.
• The analyst consensus remains a "Sell", though Wall Street Zen recently upgraded Sidus from "Sell" to "Hold" while Weiss Ratings reissued a "sell (e+)" rating.
• Institutional activity picked up in Q4—HRT Financial, Jane Street, XTX Topco and others added or increased positions—and institutional investors now own about 17.91% of the shares.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s share price traded up 1% on Wednesday . The stock traded as high as $2.09 and last traded at $1.99. 3,321,832 shares were traded during mid-day trading, a decline of 25% from the average session volume of 4,429,477 shares. The stock had previously closed at $1.97.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Sidus Space from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of Sidus Space in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Sidus Space Price Performance

The firm's 50 day moving average price is $2.84 and its 200-day moving average price is $1.75. The stock has a market cap of $132.37 million, a P/E ratio of -1.54 and a beta of -1.58.

Hedge Funds Weigh In On Sidus Space

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIDU. HRT Financial LP bought a new stake in shares of Sidus Space in the 4th quarter worth $4,283,000. Jane Street Group LLC lifted its holdings in shares of Sidus Space by 2,970.3% during the fourth quarter. Jane Street Group LLC now owns 743,409 shares of the company's stock valued at $2,334,000 after purchasing an additional 719,196 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Sidus Space during the fourth quarter valued at $1,555,000. Geode Capital Management LLC boosted its position in shares of Sidus Space by 43.2% during the fourth quarter. Geode Capital Management LLC now owns 337,966 shares of the company's stock valued at $1,061,000 after buying an additional 102,020 shares during the last quarter. Finally, Sassicaia Capital Advisers LLC purchased a new stake in shares of Sidus Space during the fourth quarter valued at $633,000. 17.91% of the stock is owned by institutional investors.

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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