Sidus Space (NASDAQ:SIDU) Stock Price Up 24.7% - What's Next?

Key Points

• Shares jumped 24.7% on Tuesday, trading as high as $5.20 and last at $4.94 on about 119.9 million shares, slightly below its ~131.5 million average daily volume.
• Analyst sentiment is broadly negative—Weiss Ratings and Wall Street Zen list SIDU as a "Sell", and the stock's average rating on MarketBeat is "Sell".
• Financials show significant weakness: market cap roughly $174M, trailing EPS of -$0.24, quarterly revenue of $1.3M, and a negative net margin (~655%) with negative return on equity.

Shares of Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) rose 24.7% on Tuesday . The company traded as high as $5.20 and last traded at $4.94. Approximately 119,863,818 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 131,503,000 shares. The stock had previously closed at $3.96.

Wall Street Analyst Weigh In

SIDU has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen downgraded Sidus Space from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

Sidus Space Stock Performance

The company has a market cap of $174.14 million, a price-to-earnings ratio of -3.83 and a beta of -1.64. The company has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.33.

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 firm had revenue of $1.30 million during the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

Hedge Funds Weigh In On Sidus Space

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIDU. XTX Topco Ltd acquired a new position in shares of Sidus Space during the second quarter worth $168,000. Jane Street Group LLC bought a new position in Sidus Space during the 2nd quarter worth $95,000. Finally, Geode Capital Management LLC lifted its holdings 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 buying an additional 26,498 shares during the period. 17.91% of the stock is currently owned by institutional investors and hedge funds.

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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