Sidus Space (NASDAQ:SIDU) Trading Down 4.6% - Should You Sell?

Key Points

• Sidus Space shares fell 4.6% to $2.48, with trading volume about 21% above the average session volume.
• Analyst sentiment remains bearish: MarketBeat reports an average rating of “Sell”, despite one firm upgrading the stock to “Hold.”
• The company reported a quarterly loss of $0.08 per share on just $0.36 million in revenue, alongside a negative net margin of 806.85% and negative return on equity of 72.52%.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report)'s stock price dropped 4.6% during trading on Wednesday . The stock traded as low as $2.45 and last traded at $2.48. Approximately 7,711,954 shares were traded during mid-day trading, an increase of 21% from the average session volume of 6,384,882 shares. The stock had previously closed at $2.60.

Analysts Set New Price Targets

SIDU has been the subject of several analyst reports. Wall Street Zen raised Sidus Space from a "sell" rating to a "hold" rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded Sidus Space from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Sidus Space Stock Down 4.6%

The firm's 50 day moving average price is $2.62 and its two-hundred day moving average price is $2.98. The firm has a market capitalization of $164.97 million, a PE ratio of -2.64 and a beta of -0.85.

Sidus Space (NASDAQ:SIDU - Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.36 million for the quarter. Sidus Space had a negative return on equity of 72.52% and a negative net margin of 806.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Ground Swell Capital LLC acquired a new stake in Sidus Space during the 4th quarter valued at approximately $33,000. Resurgent Financial Advisors LLC acquired a new position in shares of Sidus Space in the 4th quarter valued at approximately $38,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Sidus Space in the 4th quarter valued at approximately $40,000. Trivium Point Advisory LLC acquired a new position in shares of Sidus Space in the 2nd quarter valued at approximately $42,000. Finally, KPP Advisory Services LLC purchased a new position in shares of Sidus Space during the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 17.91% of the company's stock.

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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