Sidus Space (NASDAQ:SIDU) Stock Price Down 1.1% - Here's What Happened

Key Points

• Sidus Space (NASDAQ:SIDU) stock fell about 1.1%, trading as low as $3.52 and last at $3.71, with mid-day volume ~48.44M shares—roughly 37% below its average daily volume.
• Analysts currently have an average rating of "Sell", with Weiss Ratings reaffirming a sell and Wall Street Zen cutting its rating from hold to sell.
• Financials show material weakness: quarterly EPS of ($0.24), a market cap of ~$130.8M, a negative PE of -2.88, a net margin of -655.33% and a negative return on equity of 116.44%.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s stock price was down 1.1% on Thursday . The company traded as low as $3.52 and last traded at $3.71. Approximately 48,440,555 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 77,061,578 shares. The stock had previously closed at $3.75.

Analyst Ratings Changes

Several equities research analysts have commented on SIDU shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sidus Space in a report on Wednesday, October 8th. Wall Street Zen cut Sidus Space from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space presently has an average rating of "Sell".

Sidus Space Price Performance

The business's fifty day simple moving average is $1.71 and its two-hundred day simple moving average is $1.45. The company has a market cap of $130.78 million, a PE ratio of -2.88 and a beta of -1.64.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SIDU. Jane Street Group LLC acquired a new stake in Sidus Space in the 2nd quarter valued at $95,000. SG Americas Securities LLC acquired a new stake in shares of Sidus Space in the fourth quarter valued at about $118,000. XTX Topco Ltd purchased a new stake in shares of Sidus Space during the second quarter worth about $168,000. Thompson Davis & CO. Inc. acquired a new position in shares of Sidus Space during the 4th quarter worth about $194,000. Finally, Geode Capital Management LLC lifted its stake in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock valued at $209,000 after buying an additional 26,498 shares in the last quarter. Hedge funds and other institutional investors own 17.91% of the company's stock.

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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