Sidus Space (NASDAQ:SIDU) Stock Price Down 18.6% - Should You Sell?

Key Points

• Sidus Space shares fell 18.6% on Monday to $3.51, with 24,483,825 shares traded mid-day—about 59% below the stock's average session volume.
• Analysts have turned negative on the stock, with Wall Street Zen lowering its rating to a Sell and MarketBeat data showing a consensus rating of "Sell."
• Fundamentals are weak: the company reported a ($0.24) EPS loss, a razor-thin $1.3 million quarter in revenue and a negative net margin of 655.33%, signaling significant profitability challenges.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s share price fell 18.6% on Monday . The company traded as low as $3.47 and last traded at $3.51. 24,483,825 shares were traded during mid-day trading, a decline of 59% from the average session volume of 59,716,359 shares. The stock had previously closed at $4.31.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SIDU shares. Wall Street Zen lowered Sidus Space from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Sidus Space in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Sidus Space Price Performance

The business's 50-day moving average price is $2.09 and its two-hundred day moving average price is $1.54.

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

Hedge Funds Weigh In On Sidus Space

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings 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 during the period. XTX Topco Ltd acquired a new stake in shares of Sidus Space in the second quarter worth approximately $168,000. Jane Street Group LLC purchased a new stake in Sidus Space in the second quarter valued at approximately $95,000. SG Americas Securities LLC purchased a new stake in Sidus Space in the fourth quarter valued at approximately $118,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Sidus Space during the fourth quarter worth approximately $194,000. 17.91% of the stock is currently 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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