Sidus Space (NASDAQ:SIDU) Trading Down 15% - Time to Sell?

Key Points

• Shares fell 15% intraday to $3.41 (from a $4.01 close) with ~41.9M shares traded, about 53% below its average daily volume of ~89.9M.
• Analyst sentiment is negative: Wall Street Zen recently cut SIDU to a "sell", Weiss Ratings reiterates a "sell (e+)", and MarketBeat shows a consensus rating of "Sell".
• Weak fundamentals: the company reported Q3 EPS of ($0.24) on $1.3M revenue, a market cap of ~$120.2M, a negative ROE (116.44%) and a net margin of -655.33%.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) dropped 15% during trading on Monday . The company traded as low as $3.37 and last traded at $3.41. Approximately 41,897,617 shares were traded during trading, a decline of 53% from the average daily volume of 89,930,359 shares. The stock had previously closed at $4.01.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SIDU shares. Wall Street Zen lowered shares of Sidus Space from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Sidus Space in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sidus Space presently has a consensus rating of "Sell".

Sidus Space Trading Down 15.0%

The firm has a fifty day moving average of $1.61 and a two-hundred day moving average of $1.42. The company has a market cap of $120.20 million, a PE ratio of -2.64 and a beta of -1.64.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Sidus Space during the second quarter worth $95,000. SG Americas Securities LLC bought a new stake in shares of Sidus Space during the 4th quarter valued at $118,000. XTX Topco Ltd purchased a new stake in Sidus Space during the 2nd quarter worth about $168,000. Thompson Davis & CO. Inc. bought a new position in Sidus Space in the 4th quarter worth about $194,000. Finally, Geode Capital Management LLC grew 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 valued at $209,000 after buying an additional 26,498 shares in the last quarter. 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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